Binance Co‑CEO: Crypto Could Tap $36T Finance Market
Binance co‑CEO Richard Teng wrote crypto could tap a $36 trillion financial services market, plus $788B in payments and $208B in social media; exchanges valued near $55B.
Richard Teng, co‑CEO of Binance, wrote on X that crypto could tap a roughly $36 trillion financial services market, along with $788 billion in payments and $208 billion in social media. He added that crypto exchanges are valued at about $55 billion today.
Teng shared a chart showing crypto exchanges represent about 0.15% of the financial services market. He offered a hypothetical: capturing 1% across financial services, payments and social media would equal about $370 billion, roughly seven times the $55 billion exchange valuation he cited.
Teng distinguished total addressable market from what is serviceable and wrote that achieving market share would depend on clearer regulation, improved custody and settlement infrastructure, and stronger institutional trust in crypto products and platforms.
The remarks followed a crypto market drawdown that began in October 2025, during which total market capitalization declined and activity slowed. Markets have shown a modest recovery in recent weeks but remain below earlier peaks.
In the post Teng wrote: “The opportunity is expanding rapidly. Even marginal adoption across these sectors could drive transformational growth for crypto.”
