Binance’s Changpeng Zhao states crypto adoption remains minimal despite growth, citing frictions in fiat conversions and tokenization.
Cryptocurrency accounts for less than 1% of global wealth, indicating the market is still in its early stages, Binance founder Changpeng Zhao said. Despite perceptions of saturation, adoption barriers persist, including fiat on- and off-ramp inefficiencies and limited stablecoin yield options.
Tokenization of real-world assets (RWA) remains underdeveloped, with only a small fraction of stocks converted, primarily in the U.S. Zhao highlighted untapped potential in expanding stablecoin utility and RWA tokenization to drive broader crypto integration.
The comments underscore the gap between crypto’s current footprint and its long-term growth prospects.