40% growth in institutional, corporate investors
From CNBC: 2024-09-18 23:57:49
Cryptocurrency exchange Binance has seen a 40% increase in institutional and corporate investors this year. CEO Richard Teng mentioned at a conference that big money is warming up to bitcoin and other cryptocurrencies, despite the previous U.S. probe and settlement. Former CEO Changpeng Zhao remains a major shareholder.
Regulatory clarity in the U.S. has paved the way for exchange-traded funds for bitcoin and ether, contributing to the record highs earlier this year. BlackRock CEO Larry Fink and other traditional Wall Street firms have issued ETFs for cryptocurrencies. Bitcoin was trading near $60,440 as of Wednesday, and Teng noted potential price movement after the upcoming technical event known as “halving.”