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Binance Under Richard Teng: A New Path for TradFi into Cryptocurrency

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by Giorgi Kostiuk

7 hours ago


Richard Teng, CEO of Binance, actively promotes the integration of traditional finance with digital assets. The platform aims to simplify the entry process into the world of cryptocurrency for users from the financial sector.

Key Features for TradFi Users

Binance’s 'Buy & Sell Crypto' option is designed specifically for TradFi users looking for a reliable and efficient way to enter the market. The platform has over 270 million users globally and has earned trust through high security and around-the-clock system monitoring.

Competitive fees help users manage capital more effectively, while fast settlements—often same-day—meet the expectations of traditional finance systems. The clean, easy-to-use interface also makes a difference, especially for first-time Bitcoin investors.

Adapting to Regulations with Confidence

Teng's views reflect Binance's efforts to work with global regulators, which is critical for winning over TradFi institutions. The recent SEC case dismissal supported by Chairman Atkins was a key moment for the industry, highlighting Binance’s commitment to clear and fair compliance standards.

Binance Bets Big on Web3

Beyond trading, Binance is investing heavily in the future of blockchain. At the BinanceCampus CEE and CIS event, Teng discussed the platform's support for Web3 development and its role in driving innovation across the decentralized ecosystem. With tools built for enterprises and deep liquidity, Binance gives businesses the foundation they need to explore and grow in the blockchain space.

With strong security, low fees, fast transactions, and a user-friendly experience, Binance continues to make cryptocurrency more accessible for everyone. Teng’s vision goes beyond adoption—he focuses on real transformation in the financial landscape.

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