The long-term goal of Binance Holdings, the world’s largest crypto exchange in terms of volumes, is to become a collaborative partner for India’s blockchain and digital asset ecosystem, SB Seker, head of the Asia-Pacific region, tells Nesil Staney in an interview. Excerpts:
How can global jurisdictions harmonise exchanges for speedy investor support in case of cyberattacks and thefts?
Global regulatory harmonisation around exchanges is important to ensure faster and more coordinated responses. It enables efficient cross-border investigations, asset recovery, and investor communication. It may also pave the way for exchange of information among regulators. For India, active participation in global frameworks ensures that domestic investors benefit from shared safety nets and collective incident-response mechanisms.
What is Binance’s market share and total traded volume in India?
Binance serves over 296 million users globally and has processed more than $125 trillion globally in cumulative trading volume since its launch. India is among the fast-growing markets. Our long-term goal remains to be a collaborative partner for a sustainable, long-term growth of India’s blockchain and digital asset ecosystem.
Are cryptos yet to face a market test despite volatility given the secular bull market since it began in 2014?
While global digital asset adoption is around 7–8%, a significant room for growth remains. Market corrections are normal for the maturation process of an emerging asset class.
What is the net spend for Binance on cybersecurity globally?
Since 2018, we have maintained the Secure Asset Fund for Users, an emergency insurance fund valued at approximately $1 billion. Our multi-layered cybersecurity system integrates advanced encryption and AI-driven fraud detection. Between 2022 and 2025, Binance’s real-time monitoring and controls prevented $10 billion in fraud cases and refunded over $230 million in stolen assets.
What measures has Binance taken to strengthen compliance and mitigate risks?
Binance holds 22 regulatory approvals worldwide (including registration with India’s Financial Intelligence Unit), demonstrating our commitment to stringent compliance. Binance maintains rigorous security and privacy standards certified through third-party audits.
What is the scope of a rupee-denominated stablecoin?
Stablecoins are emerging as a critical bridge between traditional finance and digital value transfer. India, given its scale, digital infrastructure, and innovation depth, is naturally well-positioned to play a leading role. Whether through INR-backed tokens, CBDCs, or hybrid public–private models, the focus should remain on digitising the rupee, improving cross-border payment efficiency, and enhancing financial inclusion in an interoperable, future-ready manner.
Has institutional trading activity in Binance increased?
In 2024 alone, our institutional user base grew 97%. This momentum continues in 2025 with over 1,900 spot trading pairs and futures contracts available to institutional clients.
What are the innovations in blockchain technology?
One of the most significant developments is the tokenization of real-world assets, where traditional financial instruments such as real estate, and money-market funds are represented as digital tokens on the blockchain. Another emerging frontier is the integration of artificial intelligence with blockchain.
How can global jurisdictions harmonize exchanges for speedy investor support in case of cyberattacks and thefts?
Global regulatory harmonisation around exchanges is important to ensure faster and more coordinated responses in such cases. Such alignment enables efficient cross-border investigations, asset recovery, and investor communication.
Standardised exchange licensing and oversight frameworks would establish consistent cybersecurity requirements, disclosure obligations, and remediation protocols across jurisdictions. It may also pave the way for regulator-regulator information exchange frameworks for quicker response to time-sensitive incidents.
For markets like India, active participation in global frameworks ensures that domestic investors benefit from shared safety nets and collective incident-response mechanisms.
What is Binance’s market share and total traded volume in India? Is Binance open to M&A in India? How do you plan to expand in India?
Binance serves over 296 million users globally and has processed more than US $125 trillion globally in cumulative trading volume since launch. It remains the world’s leading cryptocurrency exchange, commanding the lion’s share of fresh capital inflows in Q3 2025. According to DeFiLlama, Binance’s net inflows in 2025/Q2 reached $14.8 billion, while the combined net inflows of the next ten largest centralized exchanges totaled just $94 million, a difference of 158 times, reflecting immense trust and confidence.
In 2025, Binance averaged 217 million spot and futures trades, and held about 41% of global spot trading volume among centralised exchanges. India is among the fast-growing markets, characterised by high activity and strong user engagement.
Over the past year, Binance has expanded compliance, operations, and partnerships globally and in India. We are committed to strategic collaborations that align with our core priorities: education, compliance, and security – always placing our users at the center of everything we do. Our long-term goal remains to be a collaborative partner for a sustainable, long-term growth of India’s blockchain and digital asset ecosystem.
Are cryptos yet to face a market test despite volatility given the secular bull market since it began in 2014?
Digital assets have evolved from niche, retail-driven products into a mainstream investment ecosystem, demonstrating resilience across market cycles. Institutional, corporate, family office, and sovereign interest continue to grow, all building long-term positions.
While global digital asset adoption is around 7–8%, significant room for growth remains. Market corrections are normal stages in an emerging asset class’s maturation process. Though volatility persists, improving infrastructure, regulatory clarity, and increased institutional participation, particularly across Asia, support a bullish long-term outlook.
What is the net spend for Binance on cybersecurity globally?
At Binance, safeguarding user assets and ensuring robust data security remain absolute priorities. Since 2018, we have maintained the Secure Asset Fund for Users (SAFU), an emergency insurance fund valued at approximately $1 billion, demonstrating our long-term commitment to protecting user assets.
Our multi-layered cybersecurity system integrates advanced encryption, AI-driven fraud detection, and 24/7 security threat monitoring. Between 2022 and 2025, Binance’s real-time monitoring & controls prevented $10 billion in fraud cases, protecting over 7.5 million users, recovered and refunded over 230 million in stolen assets, responded to over 241,000 law enforcement requests and conducted more than 400 Law Enforcement training sessions to support crime prevention and user protection.
These initiatives exemplify our proactive and transparent approach to investor protection and underline our core principle- security above all else.
What measures has Binance taken to strengthen compliance and mitigate financial risks?
Binance is the most licensed crypto exchange, holding 22 regulatory approvals worldwide [including registration with India’s Financial Intelligence Unit (FIU-IND)], demonstrating our commitment to stringent compliance standards. Over 22% of our employee base are dedicated to compliance roles with compliance investments growing more than 30% year-on-year.
Our platform operates with 24/7 market surveillance to continuously monitor for suspicious activity, alongside Mandatory Self-Trading Prevention (STP) protocols designed to prevent wash trading and ensure market integrity. Additionally, Binance maintains rigorous security and privacy standards certified through third-party audits, including SOC 2 Type II, ISO 27001, ISO 27701, and PCI-DSS.
These measures collectively strengthen our compliance framework and actively mitigate financial risks, building trust and protecting our user community.
What is the scope of a rupee-denominated stablecoin?
The digital asset market is evolving into a more structured and purpose-driven ecosystem, supported by stronger regulation, institutional engagement, and real-world use cases.
Globally, we’re seeing growing momentum for stablecoins and real-world-asset (RWA) tokenisation, both of which are likely to be the twin drivers of the next wave of digital-asset adoption.
Stablecoins, in particular, are emerging as a critical bridge between traditional finance and digital value transfer, enabling faster, transparent, and more inclusive global payments. Binance has engaged with governments and regulators globally on stablecoin frameworks, and these discussions are gaining momentum into new markets.
India, given its scale, digital infrastructure, and innovation depth, is naturally well-positioned to play a leading role. Whether through INR-backed tokens, CBDCs, or hybrid public–private models, the focus should remain on digitising the rupee, improving cross-border payment efficiency, and enhancing financial inclusion in an interoperable, future-ready manner.
Which are the top markets for Binance in Asia-Pacific, and what regulatory changes are anticipated for cryptos in the region and globally?
Asia-Pacific remains one of the most dynamic regions for digital-asset adoption, combining strong grassroots participation, growing institutional engagement, and progressive regulatory frameworks. According to the Chainalysis Global Crypto Adoption Index 2025, economies such as India, Vietnam, and Indonesia rank among the world’s highest in digital asset adoption, reflecting both on-chain activity and community engagement.
Within the APAC region, key markets follow distinct adoption paths. India continues to experience high transaction volumes and strong community participation. South Korea benefits from the implementation of the Virtual Asset User Protection Act in 2024, along with increasing activity in KRW-backed stablecoins. Japan records the fastest year-on-year growth, driven largely by yen-backed stablecoins and growing corporate adoption. Singapore and Hong Kong lead in regulatory innovation, placing strong emphasis on transparency and investor protection. Meanwhile, Australia is modernising its compliance landscape through updated AML/CFT laws and digital-asset licensing frameworks.
Globally too, regulatory clarity is improving. In the U.S., the GENIUS Act (2025) establishes a federal framework for payment-stablecoins, while the CLARITY Act defines oversight between the CFTC and SEC. Collectively, these developments indicate a shift toward regulatory certainty and cross-border interoperability, strengthening trust and supporting the long-term growth of digital-asset markets across Asia and the world.
How has institutional trading in Binance evolved? Is there increased securitisation activity around crypto assets among institutional investors?
Institutional adoption is a key driver of the industry’s growth. In 2024 alone, our institutional user base grew 97%. This momentum continues in 2025 with over 1,900 spot trading pairs and futures contracts available to institutional clients.
Institutional-grade products such as Fund Accounts, and Custody as a Service (CaaS) are aligning digital assets with traditional finance (TradFi) standards, facilitating investor allocation consolidation and regulated structuring. Our Fund Accounts service mirrors conventional fund structures, reflecting growing maturity in institutional digital asset participation.
What are the innovations in blockchain technology?
Recent innovations in blockchain technology are redefining how global finance and digital systems operate. One of the most significant developments is the tokenisation of real-world assets (RWAs), where traditional financial instruments such as real estate, and money-market funds are represented as digital tokens on the blockchain.
Complementing this is the rise of decentralized identity (DID) frameworks which empower individuals to own and control their digital identities without relying on centralized authorities, a crucial step toward digital sovereignty.
Another emerging frontier is the integration of artificial intelligence (AI) with blockchain, combining AI’s analytical and automation capabilities with blockchain’s transparency and security. This synergy is driving innovations such as fraud detection, trading optimisation, and on-chain risk management, while ensuring data integrity and auditability. Together, AI and blockchain are laying the foundation for a more intelligent, efficient, and interoperable digital asset ecosystem.