Who Really Drives Crypto? Binance CEO Names Key Factor

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. In a recent tweet, Binance CEO Richard Teng names a key factor that drives crypto. Crypto is not just driven by its underlying technology but by a bigger factor: people. In the past, the discussion around cryptocurrency has often tilted toward the technology and prices, with conversations surrounding speed, scalability and increase in prices. But according to Teng, the real engine behind crypto is the people, and he added that builders, traders, educators and regulators all play a role. "Crypto is powered by people.Builders, traders, educators, and regulators all play a role," Teng wrote in a tweet. Crypto is powered by people! Builders, traders, educators, and regulators all play a role.Together, we’re building a financial system that works for everyone. In his tweet, the Binance CEO outlined the various entities shaping the crypto industry far more than its technology. Teng implies that the crypto industry at its current advancement, flourishes because of the people in it. In a recent announcement, Binance announced that Ethereum (ETH) soft staking is now supported on the platform. After the addition of Ethereum (ETH), Binance Soft Staking now supports a total of 19 tokens, including ETH, BNB, SOL, ADA, TRX, TON, SUI, NEAR, APT, POL, ALGO, IOTA, AXS, EGLD, THETA, DASH, STRK, S and BABY. The market is maturing, according to Binance's recent report; DeFi and infra remain the backbone, but AI is emerging as a serious contender. Wall Street firm Berns...