Binance CEO Richard Teng Unveils New App, Institutional Partnerships, and 300M Users at Blockchain Week 2025

Binance CEO Richard Teng opened Binance Blockchain Week Dubai 2025 with a keynote centered on global crypto adoption, regulatory clarity, and new product launches — including the debut of Binance Junior, a supervised digital finance app for users aged 6–17, and the appointment of Yi He as Binance Co-CEO.Speaking on the main stage at the Coca-Cola Arena, Teng addressed builders, founders, policymakers, and industry leaders, spotlighting how digital assets are accelerating financial transformation at a global scale.UAE as a Global Epicenter for Digital InnovationTeng began by commemorating the UAE’s 54th National Day and highlighted why Binance chose Dubai as the host city for this year’s conference.He described the UAE as “agile, innovative, and constantly reinventing itself,” drawing parallels to its emergence as a technology hub and a key driver of digital economy leadership.Teng noted his own decade-long history in the region, helping build Abu Dhabi’s global markets ecosystem, and emphasized the UAE’s continued commitment to blockchain infrastructure and regulatory clarity.Crypto Adoption Surges: Stablecoins Lead Global TransformationTeng said 2025 has been a “record-breaking year” for digital assets, with stablecoins emerging as one of crypto’s most powerful applications.Key data from the keynote:Stablecoin market capitalization is up ~50% year-to-date.Stablecoin wallet holders have also climbed 50%, reaching 130 million users.Daily stablecoin settlement volume surpassed Visa in 2024, marking a major shift in global value transfer.On busy trading days, Tether’s daily volume exceeded USD 10 billion.“Cross-border money transfer has always been slow and expensive,” Teng said. “Today, crypto and stablecoins allow anyone to send value instantly, at a fraction of the cost, without borders or banking hours. That transformation is only beginning.”Market Structure Shows Rapid MaturationTeng highlighted the accelerating growth of both centralized and decentralized markets:Spot trading volumes on centralized exchanges are on pace for a four-year high.Decentralized exchange volume hit USD 1.3 trillion in October 2025.On-chain derivatives are moving from niche to mainstream, supported by 24/7 permissionless infrastructure.Globally, regulators are shifting from “Should we regulate crypto?” to “How do we support responsible growth?” — a transition Teng described as critical for trust and long-term adoption.He noted that the United States, once viewed as anti-crypto, is now positioning itself as a global crypto hub — prompting major economies to reassess and redefine their competitive strategies.Smaller nations are also adopting crypto strategically. Teng spotlighted Bhutan, which became the first country to launch nationwide crypto payments powered by Binance Pay, coupled with renewable-energy mining initiatives and a push to build a native blockchain ecosystem.Binance Announces Major Milestones: 300M Users, Explosive Merchant GrowthTeng confirmed that Binance now serves nearly 300 million users worldwide, but stressed that “community trust, not numbers,” is the company’s foundation.Adoption across businesses is similarly accelerating:Binance Pay merchants grew from 12,000 to nearly 21 million in a single year.Binance Pay processed USD 272 billion in transactions in 2025.Strategic partnerships — including BlackRock, Franklin Templeton, Solana Foundation, and major global institutions — are helping build institutional-grade digital asset infrastructure.User Protection, Compliance & Security Remain Core PrioritiesTeng underscored Binance’s commitment to responsible growth and user safety.In 2025, Binance’s risk and compliance systems:Prevented nearly USD 7 billion in potential scams and fraudSafeguarded more than 9 million usersBlocked USD 14 billion in attempted illicit activity“Security and compliance are central to everything we do,” Teng emphasized. “Growing responsibly is the only path to long-term industry success.”AI + Crypto: The Next Phase of Binance InnovationTeng highlighted that AI and blockchain will jointly shape the next era of global finance. Binance continues to expand its AI-enhanced product suite, improving accessibility and simplifying user experiences across its ecosystem.Binance Junior Launches: A New Digital Finance App for Ages 6–17One of the keynote’s biggest announcements was Binance Junior — a fully supervised, parent-controlled sub-account designed to help children and teenagers learn digital finance safely.The app enables:Controlled access to digital assetsParental oversight of every transactionEducational tools for financial literacyA secure environment for the next generation of digital users“Children are our future,” Teng said. “It is essential that we equip them with the skills needed for tomorrow’s financial world.”Yi He Named Binance Co-CEOIn another significant leadership announcement, Teng confirmed that Binance Co-Founder Yi He has been appointed Co-CEO.He praised her long-standing influence on Binance’s culture, user-centric philosophy, and product vision.Her leadership, Teng said, will be instrumental as Binance continues toward its mission of reaching one billion users globally.