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Gen Z drives $80 billion in direct stock and crypto volume, Richard Teng notes

Gen Z drives $80 billion in direct stock and crypto volume, Richard Teng notes
Gen Z powers $80B in Binance trades

Richard Teng, CEO at Binance, highlights how Gen Z is changing the early investing landscape.

According to Teng, 30% of Gen Z began investing in early adulthood and now represent the largest cohort trading Direct Stocks, bStocks, and TradFi Perps on Binance, driving $80 billion in trading volume. He emphasizes that increased access and education are key factors fueling this trend.

Earlier this year, Richard Teng announced a Binance donation of $3 million in USDT and fee waivers for users in Venezuela after a series of earthquakes. Teng has also discussed plans for Binance to become a financial super app integrating crypto and daily financial services. These efforts highlight Teng’s active role in shaping the exchange’s global strategy.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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