Binance Co-CEO Yi He Drops Big Hint: India Is Becoming a Crypto Powerhouse
Binance Co-CEO Signals Strong India Crypto Growth as Institutions Enter the Market
In a development that highlights a major shift in global digital finance, Binance Co-CEO Yi He publicly confirmed that India has emerged as one of the most important growth markets for the world’s largest cryptocurrency exchange. Her remarks signal that institutional investors and traditional stock-market participants in India are beginning to enter digital assets at scale, marking a new phase in the industry’s evolution.
Yi He’s statement follows a similar pro-India stance recently expressed by Binance CEO Richard Teng, who described the country as a key hub for blockchain adoption and one of the strongest demand-centers for cryptocurrency in the world. The synchronized messaging from Binance leadership now appears to be a deliberate strategy, suggesting a deeper push into the Indian market at a time when local participation continues to surge despite regulatory challenges.
According to internal industry estimates, India already hosts more than 100 million cryptocurrency users, making it one of the largest digital-asset communities globally. This user base has continued growing even as taxation and compliance rules remain strict, signaling strong grassroots adoption as well as rising institutional confidence.
Institutional Capital Begins Moving Into Crypto
Traditionally, crypto adoption in India was driven primarily by retail traders. However, Yi He noted that institutional behavior is now shifting, with major stock-market players beginning to diversify into digital assets. The movement is gradual but significant. It suggests that Bitcoin and other digital currencies may no longer be viewed simply as speculative instruments, but as long-term investment products comparable to commodities and equities.
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| Source: Xpost |
Analysts believe this entry of institutional capital could bring greater market liquidity, improved governance, and a more mature trading environment overall. Historically, a similar pattern was seen when institutions entered U.S. crypto markets after the approval of Bitcoin ETFs. Volatility decreased, long-term holding increased, and the asset became more integrated into mainstream finance.
India may now be entering that same curve.
If institutional participation continues to grow, it could accelerate developments such as regulated custody services, tokenized financial products, and new on-chain settlement mechanisms that integrate with existing banking infrastructure.
Richard Teng's Previous Remarks Strengthen Binance Strategy
Yi He’s announcement did not surface in isolation. It aligns closely with Richard Teng’s earlier public comments praising India’s digital capacity and its modern fintech ecosystem. During Binance Blockchain Week in Dubai, Teng emphasized India's role as a future powerhouse for global Web3 adoption. He pointed to its youthful demographic, widespread internet connectivity, the success of UPI digital payments, and growing entrepreneurial interest in blockchain development.
Following internal leadership restructuring earlier this year, Yi He assumed the Co-CEO role while Teng continued to guide Binance’s regulatory roadmap. The unified stance from both executives reinforces what now seems to be a long-term strategic commitment to the Indian market.
Industry observers note that Binance rarely makes repetitive market-specific statements unless expansion or policy engagement is underway. The tone used in recent interviews may indicate that conversations with Indian regulators could gradually be moving in a positive direction.
India’s Crypto Market Growth Accelerates Beyond Expectations
Despite taxation challenges and temporary exchange restrictions in the past year, market participation in India has not only remained resilient but is expanding faster than anticipated. Trading activity has shown renewed strength since mid-2025, with rising quarterly trading volumes, increasing active wallet counts, and a wave of new investors entering from Tier-2 and Tier-3 regions.
The democratization of access plays a key role here. Younger citizens, particularly those aged 18-35, are adopting digital assets as part of their alternative investment portfolio. Many view crypto as a hedge against inflation, while others enter through earning models such as staking, play-to-earn programs, airdrops, mining platforms, and Web3 task networks.
Crypto education campaigns are also helping bridge the knowledge gap. Binance has launched multilingual training programs in Hindi, Tamil, Bengali, Telugu and more regional languages to improve user safety and reduce scam risks. These programs have been critical in guiding first-time investors into regulated trading environments.
Regulation Remains India’s Biggest Challenge
Despite rapid adoption, the lack of clear regulatory frameworks remains the largest obstacle for mainstream institutional onboarding. India currently applies a 30 percent tax on crypto profits along with a 1 percent TDS (Tax Deducted at Source) on every trade. This TDS rule is often criticized by traders for reducing liquidity and making frequent trading less feasible.
However, the government’s revenue numbers suggest the sector is generating substantial taxable demand:
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FY 2024-25: ₹511.83 Crore collected through TDS
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FY 2023-24: ₹362.70 Crore
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FY 2022-23: ₹221.27 Crore
The year-on-year increase signals that trading activity has continued even under restrictive policies.
A recent compliance milestone added to the optimism. Binance has re-registered with Financial Intelligence Unit-India (FIU-IND) under the Prevention of Money Laundering Act. This move could open pathways for other exchanges to return to regulatory frameworks and operate legally, provided they implement full KYC, data reporting, and risk monitoring mechanisms.
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| Source: Xpost |
If regulatory clarity improves in 2026, India could potentially become Asia’s largest digital asset hub, comparable to Singapore and the UAE.
India in a Global Web3 Landscape
Around the world, governments are shaping digital-asset frameworks. The United States is preparing tokenization guidelines for equity markets. Europe is implementing MiCA regulations. Japan and Korea have opened ETF and custody pathways. UAE is rapidly positioning itself as a global crypto capital with ADGM and VARA licenses.
India’s position sits at a critical juncture. With its population scale and fintech infrastructure, the country could surpass most markets if taxation is softened or if legislative clarity emerges. Even a reduction of TDS from 1 percent to 0.01 percent could unlock millions of dormant traders and billions in yearly trading volume.
Industry leaders believe the government will eventually adopt a regulatory framework similar to stock market policies, possibly enabling institutional crypto products in banks, digital exchanges, and wealth-management platforms.
What Comes Next for Binance and India?
With Yi He and Richard Teng signaling long-term interest, Binance’s future roadmap for India appears centered around:
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Regulatory cooperation and compliance
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User safety and anti-fraud systems
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Education and onboarding at a national scale
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Institutional-grade liquidity products
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Launching local Web3 development initiatives
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Partnerships with emerging fintech and blockchain startups
Coinbase has previously shown similar confidence toward India even while navigating compliance challenges. The sustained willingness of global giants to keep investing effort into the Indian sector shows they expect a long-term payoff once regulation stabilizes.
The next two years may determine India’s position in the global crypto economy. If policy aligns with innovation, India could emerge not just as a major market, but as a Web3 development hub shaping the next generation of blockchain products.
Conclusion
The confirmation from Binance Co-CEO Yi He that India remains a primary focus market carries weight not only for Binance but for the global digital-asset community. Institutional interest, expanding user adoption, rising tax revenues, multilingual crypto education, and renewed regulatory engagement all point toward a maturing ecosystem.
The world is watching India. The question is no longer whether adoption will grow — but how fast regulation can catch up to support the momentum.
The future of crypto in India now stands at a turning point. If frameworks stabilize, the country could become one of the world’s most powerful digital-asset engines. For now, the signals from Binance leadership reflect one clear message: India’s crypto revolution is only getting started.
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