Catherine Chen, head of institutional investment at Binance Holdings Ltd., said on the 13th that "as traditional financial institutions participate in the virtual asset business, the industry is maturing."
Chen stated accordingly in a lecture titled "The current status of institutional investors entering the crypto market and future prospects" at the "2026 Future Finance Forum" held at the Westin Josun Hotel in Jung District, Seoul, on the 13th.
Binance Holdings Ltd. is the world's largest virtual asset exchange. It has more than 300 million users, and the cumulative transaction volume is $145 trillion. Its headquarters is located in Abu Dhabi, United Arab Emirates (UAE).
Chen explained, "In the early days, the virtual asset industry drew interest through word of mouth among individual investors, and thanks to Bitcoin many people started investing," adding, "Now, as regulations have emerged, the virtual asset industry has become a form that collaborates with traditional financial institutions."
Chen said, "As BlackRock pushed for a spot Bitcoin exchange-traded fund (ETF), the perception arose that it is a legitimate asset," and added, "Now, with institutionalization, virtual assets are no longer speculative assets, and we are at the stage of considering how to utilize them."
She continued, "This means stablecoins will be used in the real economy. Their fast efficiency will bring innovation to payment and remittance systems," adding, "Traditional financial institutions are also embracing stablecoins so as not to fall behind the times."