According to @_RichardTeng on Twitter, Binance is directly addressing the global challenge of financial exclusion, with 1.7 billion people still unbanked. At Token2049, Richard Teng announced Binance's initiative to expand crypto adoption by developing user-friendly trading tools, collaborating with regulators to ensure compliance, and actively removing access barriers. These efforts aim to increase global crypto trading participation, especially in underserved regions, potentially boosting trading volumes and onboarding new market entrants (source: @_RichardTeng, April 30, 2025).

According to Richard Teng, since 2022, cryptocurrency has facilitated a savings of $1.75 billion in remittance costs, significantly benefiting the global unbanked population of 1.4 billion. This highlights the tangible financial advantages of digital assets in reducing transaction fees and increasing accessibility to financial services. Such cost-efficiency can attract more traders and investors looking to capitalize on crypto's potential to streamline cross-border payments.