Binance CEO Richard Teng speaks in Singapore on Sept. 17, 2024, at an event hosted by the local foreign correspondents association.
Cryptocurrency exchange Binance has seen a 40% increase this year in institutional and corporate investors joining the platform, CEO Richard Teng told CNBC's Lin Lin in an interview Wednesday.
"So we on our own, we are seeing a huge uptick in terms of institutional and corporate investors.
We have seen a 40% increase in onboarding in that category throughout the course of this year alone," he said.
Changpeng Zhao, the billionaire co-founder and former CEO of Binance, stepped down last year as part of the settlement.
Persons:
Richard Teng, Binance, CNBC's Lin Lin, Teng, Changpeng Zhao, —
Organizations:
U.S
Locations:
Singapore, Changpeng