Wall Street Has Joined the Fray: Binance CEO Says Cryptocurrency Adoption Has Begun

Organizations are no longer sitting on the sidelines when it comes to cryptocurrency. According to Binance CEO Richard Teng, the conversation has shifted from "if" to "how." Teng shared his remarks in a short but widely circulated post on X. He stated that the next decade will not revolve around speculation but rather the full integration of cryptocurrency into traditional financial systems. Evidence supporting his claims continues to emerge from major financial organizations. Moody's and blockchain company Alphaledger recently conducted a live experiment in which credit ratings were incorporated into tokenized municipal bonds. This has become the first major credit agency to engage in publicly traded tokenized debt, as these bonds are issued on the Solana blockchain. Meanwhile, Strive Asset Management has made significant investments in the cryptocurrency sector. The company, co-founded by Vivek Ramaswamy, has raised $750 million and aims to triple that amount through acquisitions. The company's investments involve distressed assets related to Bitcoin, such as ongoing claims related to the bankruptcy of Mt. Gox. These actions indicate greater optimism among institutions. Teng did not make predictions but merely confirmed what is happening across financial markets. Big Players Are Acting Fast as Cryptocurrency Matures MicroStrategy founder Michael Saylor, another prominent voice in the cryptocurrency space, has expressed a similar viewpoint. He believes that the long cycle of the cryptocurrency winter may come to an end, thanks to clearer regulations and increasing government support. The momentum of institutions will now pave the way for the future. Coinbase also reported similar findings in its latest institutional survey. The exchange stated that 83 percent of institutional investors plan to expand their cryptocurrency holdings by 2025. This proves that cryptocurrency is no longer seen as a risky experiment but rather as a strategic financial tool. As Teng emphasized, change has occurred. A fringe movement is now becoming a priority for some of the largest asset managers in the world. As major organizations like Moody's and Strive are actively putting capital and technology into the cryptocurrency market, the message is very clear. Wall Street is not preparing to adopt it; they have already deeply immersed themselves in it.