At Davos, Binance says India is key to 1 billion users

At the World Economic Forum in Davos on Jan. 22, 2026, Binance Co-CEO Richard Teng described India as a key market in the exchange’s plan to reach 1 billion users, citing a large, young and tech-savvy population.

Teng called India an “extremely big” opportunity and pointed to strong interest from local users. He noted that policymakers have kept a cautious stance and continue to closely scrutinize crypto activity.

Binance has been “working closely” with officials, according to Teng. “I think a lack of knowledge sometimes causes misgivings,” he remarked. In his view, “former crypto skeptics are turning into believers after gaining deep understanding” of the asset class.

He added that the company aims to provide information to authorities and encourage consideration of rules that support the sector. “We can offer the requisite knowledge to regulators,” he stated.

Binance has set a target of 1 billion customers. Large, digitally connected markets form a core part of that plan. India’s size and rapid digital uptake are factors the firm cites while regulatory oversight remains tight.

According to our earlier report, at Davos U.S. Treasury Secretary Scott Bessent said President Donald Trump could announce the next Federal Reserve chair as soon as next week, with Jerome Powell’s term ending in mid-May 2026. He said the shortlist is down to four candidates. Names floated over recent months include Kevin Hassett, Kevin Warsh, Christopher Waller, and Rick Rieder, while Michelle Bowman has also been discussed. The selection has intensified debate in Washington over the Fed’s independence and pressure on interest rates, while officials note any new chair must operate under the mandate set by Congress.