2024

Richard

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Binance’s CEO, Richard Teng, believes that 2024 is crucial for the crypto industry.</li> 
 <li>This year was mostly marked by Bitcoin ETFs, growing regulatory clarity, and the mainstream adoption of crypto.</li> 
</ul> 
Binance’s CEO Richard Teng believes that 2024 is a “landmark year” for the entire crypto industry, Bloomberg reports. 
This year is mostly marked by the rising interest in the recently launched<a href="https://crypto.ro/en/news/bitcoin-etfs-record-226m-outflows-as-blackrocks-ibit-sees-18m-inflows/"> Bitcoin ETFs</a> in the US and the mainstream crypto adoption. 
Also, the growing regulatory clarity is a step ahead for the crypto industry as it helps bring more trust and protection for potential investors. 
Customer assets on Binance’s crypto exchange have reportedly grown by $42 billion this year, Teng said in a recent interview as quoted by <a href="https://www.bloomberg.com/news/articles/2024-06-13/binance-ceo-teng-sees-landmark-year-as-crypto-goes-mainstream?utm_source=twitter&amp;utm_content=crypto&amp;utm_medium=social&amp;utm_campaign=socialflow-organic&amp;embedded-checkout=true" rel="nofollow noopener" target="_blank">Bloomberg</a>. 
Also, the exchange has recently reached an important milestone by hitting 200 million users, an achievement that Teng also addressed. 
He said that this mark is important as it mirrors the mainstream adoption of crypto and the <a href="https://crypto.ro/en/news/binances-ceo-explains-crypto-adoption-and-web3s-meteoric-rise-post-200m-users-achievement/">meteoric rise</a> of Web 3. 
Also, according to Bloomberg, a spokesperson for the exchange said that monthly active users have increased by 12.5% from February to May. 
Teng said that the momentum continues to get stronger which is a very encouraging sign. He mentioned that other institutions are participating in the crypto industry such as retail. 
Binance currently has $115 billion in total assets under management, according to<a href="https://defillama.com/cex/binance-cex#information" rel="nofollow noopener" target="_blank"> DeFiLlama</a> data. 
<a href="https://crypto.ro/en/wp-content/uploads/2024/06/FireShot-Capture-925-Binance-CEX-DefiLlama-defillama.com_.png"><img loading="lazy" decoding="async" class="alignnone wp-image-44899 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/06/FireShot-Capture-925-Binance-CEX-DefiLlama-defillama.com_.png" alt="FireShot Capture 925 Binance CEX DefiLlama defillama.com" width="1098" height="531" title="Binance's CEO Highlights 2024 As A &quot;Landmark Year&quot; For The Crypto Industry 20" srcset="https://crypto.ro/en/wp-content/uploads/2024/06/FireShot-Capture-925-Binance-CEX-DefiLlama-defillama.com_.png 1098w, https://crypto.ro/en/wp-content/uploads/2024/06/FireShot-Capture-925-Binance-CEX-DefiLlama-defillama.com_-300x145.png 300w, https://crypto.ro/en/wp-content/uploads/2024/06/FireShot-Capture-925-Binance-CEX-DefiLlama-defillama.com_-1024x495.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/06/FireShot-Capture-925-Binance-CEX-DefiLlama-defillama.com_-768x371.png 768w, https://crypto.ro/en/wp-content/uploads/2024/06/FireShot-Capture-925-Binance-CEX-DefiLlama-defillama.com_-750x363.png 750w" sizes="(max-width: 1098px) 100vw, 1098px"></a> 
<h2 id="the-launch-of-the-bnb-incubation-alliance-bia-for-web3-innovation">The launch of the BNB Incubation Alliance (BIA) for Web3 innovation</h2> 
Earlier today, it was reported that Binance Labs together with BNB Chain have <a href="https://crypto.ro/en/news/bnb-chain-and-binance-labs-launch-bnb-incubation-alliance-bia-supporting-web3-innovation/">announced</a> the launch of BNB Incubation Alliance (BIA). 
According to the official notes, the&nbsp;incubator aims to support and expedite the growth of early-stage blockchain projects via a series of global events. This is a collective endeavor alongside important venture capitalists, incubators, and strong developer communities. 
The collaboration’s target is to fast-track the Web3 journey. 
Binance has been making a lot of moves forward to support and boost the overall development of Web3 through education and opportunities for crypto enthusiasts and builders as well. 
<a href="https://crypto.ro/en/education/what-is-binance-megadrop/">Binance Megadrop</a> is another significant asset created by Binance that represents a gateway to innovative Web3 projects.

Binance’s CEO Highlights 2024 As A “Landmark Year” For The Crypto Industry

Table of Contents

crypto.ro global

Other articles published on Jun 14, 2024

ZK Nation addresses community’s concerns on ZKsync airdrop

Breaking: Nigeria Dismissed Tax Evasion Charges Against Binance Executives

Nigeria Drops Binance Tax Charges, Laundering Case Remains

Cryptocurrency Gains Momentum Among Democrats: Ex-Rep Forecasts Gensler’s Ouster

Watch Out: Giant Whale, One of This Altcoin’s First Investors, Has Dumped Almost All of Its Tokens

Here's How Many BNB Tokens CZ Owns

Join our free newsletter for daily crypto updates!