Binance CEO Highlights Crypto Inclusion Importance Amid Market Weakness
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Market Inclusion: Binance CEO Richard Teng emphasized that despite current market weakness, approximately 1.4 billion people remain excluded from traditional finance, highlighting crypto's role in providing essential financial services and promoting financial inclusion.
- Cross-Border Transfer Advantages: Teng noted that crypto tools can reduce costs and delays for cross-border remittances, enabling individuals in underserved regions to transfer funds more easily, which addresses long-term financial service needs beyond just short-term price fluctuations.
- Regulatory Dynamics: Teng's comments come as U.S. regulators discuss new crypto market structure legislation, indicating the industry's focus on policy changes, where clearer rules could attract more participants, although liquidity and operational impacts remain uncertain.
- Bitcoin Historical Review: Teng referenced Bitcoin's origins, emphasizing its development since the 2008 whitepaper release, noting that despite its initial lack of market value, Bitcoin's price has now surpassed $120,000, demonstrating the long-term appeal and potential value of cryptocurrencies.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






