Binance CEO says key crypto theme this year is convergence with traditional finance

Binance CEO Richard Teng said the crypto market’s key theme this year is convergence with traditional finance, or TradFi. In a post on X, Teng said crypto platforms are offering traditional financial products such as stocks, while traditional finance is embracing crypto through products such as ETFs. He added that, supported by user demand, maturing technology and an improving regulatory environment, crypto is evolving into financial infrastructure spanning payments, stablecoins and savings. Teng said Binance plans to develop into a financial super app offering stocks, payments, savings and remittances on a single platform.