Binance CEO Richard Teng said the giant firm's cryptocurrency market saw a 40% increase over 2024 in institutional and corporate investment.
He also said that the position of crypto funds in the high institutional sector has actually just started because many of them are still showing interest.
This growth shows that large investors are increasingly interested in Bitcoin and other cryptocurrencies.
Since the arrest of Binance's former CEO, Changpeng Zhao has transformed the firm's administration into a company led by seven directors and simplified the regulatory structure.
Bitcoin was launched in 2009 and paved the way for many other cryptocurrencies that use similar blockchain technology.
This technology has the great advantage of eliminating the need for a third-party intermediary by quickly creating a permanent and secure record of transactions between two parties.
However, after years of regulation by the United States in exchange-traded funds (ETFs) experience uncertainty. In July, the US allowed fund trading for Ethereum and other cryptocurrencies.
This kind of regulatory clarity provides certainty to current users and is related to Bitcoin's all-time high above $70,000 in March.
