Summary
- Richard Teng, CEO of Binance, emphasized that virtual assets will be rapidly integrated into financial infrastructure over the next 10 years.
- CEO Teng stated that institutions are now focused on how to introduce cryptocurrencies.
- A recent report found that institutional investors’ Bitcoin holdings have increased by 924% over the past 10 years.
Richard Teng, CEO of Binance, emphasized that “the next 10 years will be a period when virtual assets (cryptocurrencies) are rapidly integrated into financial infrastructure.”
According to U.Today, a virtual asset-focused media outlet, on the 12th (local time), CEO Teng stated via X (formerly Twitter), “Institutions are no longer asking whether to adopt cryptocurrencies. They are asking how to adopt them,” adding, “If you look at the current custody solutions, ETFs, and blockchain infrastructure, you can see that the technology has established itself in the market.”
Teng further said, “The next 10 years will be a period when cryptocurrency technology is integrated at the core of finance, not a phase of speculation or hype.”
Meanwhile, Gemini and on-chain analytics firm Glassnode recently released a joint report, stating that institutional investors’ Bitcoin holdings have increased by 924% over the past 10 years. Such a figure is interpreted as evidence supporting the expansion trend of institutional demand.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
