{"id":384864,"date":"2025-03-26T01:54:24","date_gmt":"2025-03-25T20:24:24","guid":{"rendered":"https:\/\/dripp.zone\/news\/binance-ceo-richard-teng-says-crypto-needs-two-elements-to-witness-mass-adoption-crypto-news\/"},"modified":"2025-03-26T02:08:11","modified_gmt":"2025-03-25T20:38:11","slug":"binance-ceo-richard-teng-says-crypto-needs-two-elements-to-witness-mass-adoption-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/binance-ceo-richard-teng-says-crypto-needs-two-elements-to-witness-mass-adoption-crypto-news\/","title":{"rendered":"Binance CEO Richard Teng Says Crypto Needs Two Elements To Witness Mass Adoption &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Binance chief executive Richard Teng believes crypto is the future of money and financial services.<\/p>\n<p>In an interview on The Wolf of All Streets YouTube channel, Teng <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.sc.com\/en\/press-release\/standard-chartered-animoca-brands-and-hkt-establish-joint-venture-to-issue-hkd-backed-stablecoin\/\" rel=\"noopener\" target=\"_blank\">says<\/a> that crypto \u201cneeds two elements to come into play\u201d to enjoy widespread adoption.<\/p>\n<p><em>\u201cFirstly, you need more regulatory clarity. Because for the early adopters, people are embracing it without clarity. But for mass adoption to come through, they need to understand that the regulators are looking into this space, they feel adequately protected for mass adoption to come through.<\/em><\/p>\n<p><em>Secondly, you need institutions. Because without institutions, if it\u2019s mainly retail play, the price action is going to be extremely volatile.<\/em><\/p>\n<p><em>So with more institutions, with more buy-and-hold users, and investors with a different time horizon, then the price movement will become much less volatile and the market cap will become much bigger over time.\u201d<\/em><\/p>\n<p>According to the Binance CEO, increased crypto awareness will lead to more individuals and institutions embracing the industry. Teng says Standard Chartered\u2019s recent move supports his view.<\/p>\n<p>Last month, the multi-national lender\u00a0<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.sc.com\/en\/press-release\/standard-chartered-animoca-brands-and-hkt-establish-joint-venture-to-issue-hkd-backed-stablecoin\/\" rel=\"noopener\" target=\"_blank\">announced<\/a>\u00a0that it had entered a joint venture with other firms to issue a stablecoin pegged to the Hong Kong dollar.<\/p>\n<p>Explains Teng,<\/p>\n<p><em>\u201cStablecoins, for example, you see Standard Chartered being one of the first in terms of traditional financial institutions to say \u2018I embrace that.\u2019 Because it makes perfect sense. Instead of doing a payment and sending money overseas, only getting it two days later\u2026<\/em><\/p>\n<p><em>\u2026crypto is instantaneous. You can do minting of stablecoins and send it instantaneously. It solves so many problems. It\u2019s so efficient, it\u2019s so cost-effective that financial institutions will start to embrace different parts of crypto.\u201d<\/em><\/p>\n<p><iframe loading=\"lazy\" title=\"How Binance Became A Crypto Empire \u2013 Richard Teng On The Rise To 250M+ Users\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/fHK4jVY8ME8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>\u00a0<\/p>\n<p><em><span style=\"font-size: 13pt;\">Follow us on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/TheDailyHodl\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt;\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt;\">Check <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" target=\"_blank\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt;\">Surf <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&#038;nbsp<br \/>\n<center><\/center><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt;\"><em>Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance chief executive Richard Teng believes crypto is the future of money and financial services. In an interview on The Wolf of All Streets YouTube channel, Teng says that crypto \u201cneeds two elements to come into play\u201d to enjoy widespread adoption. \u201cFirstly, you need more regulatory clarity. Because for the early adopters, people are embracing [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":384870,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-384864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/384864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=384864"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/384864\/revisions"}],"predecessor-version":[{"id":384873,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/384864\/revisions\/384873"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/384870"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=384864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=384864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=384864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}