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Fortune
Fortune
Lionel Lim

Asia’s Wild West nature spurs its fintech surge—but Binance’s CEO thinks Western companies will still have an 'outsized say' in the financial system

(Credit: Courtesy of GFTN)

Richard Teng, CEO of Binance, the world's largest cryptocurrency exchange, suggested Tuesday that Western firms were going to remain the main beneficiaries of a growing financial system—even if Asia drives most of that growth.

“Western companies, by the sheer size of what they have and the regulatory framework they can influence…are going to have an outsized say in how they’re going to capture this growth,” he said at a Fortune-hosted session at the Insights Forum in Singapore.

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