DEVOURED
Binance CEO Richard Teng Frames Crypto's TAM
Binance CEO Richard Teng outlined crypto's total addressable market, comparing current crypto exchanges at $55B to massive traditional sectors like financial services at $36T.
What: Richard Teng, CEO of Binance, posted about crypto's growth potential by comparing the current crypto exchange market of approximately $55 billion to much larger traditional markets including financial services ($36 trillion), payments ($788 billion), and social media ($208 billion).
Why it matters: The comparison frames cryptocurrency as still in very early stages of adoption, suggesting that even small market share gains from traditional sectors could multiply the current crypto market many times over.
Original article
Crypto's total addressable market includes financial services at ~$36T, payments at ~$788B, and social at ~$208B.
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