SB Seker, the head of Asia Pacific at Binance, one of the largest centralized cryptocurrency exchanges globally, is leading Binance’s strategy in a dynamic region characterized by rapid digital asset adoption. With over two decades of experience across legal, compliance, public sector, and blockchain markets, Seker emphasizes Binance’s commitment to growth, user protection, and collaborative engagement with policymakers across the Asia-Pacific region.
In a recent interview, Seker shared insights on the current state of the cryptocurrency market, particularly the evolving four-year cycle, the company’s prospects in Web3 and crypto, and regulatory developments in India and beyond. He noted that digital assets have transitioned from a niche interest into a broadly adopted investment ecosystem, demonstrating enduring resilience despite market volatility. With institutional interest on the rise and an estimated global digital asset adoption rate of around 7-8%, he sees substantial opportunities for growth, especially in Asia.
Seker mentioned that 2023 has already seen significant developments for cryptocurrencies like Bitcoin and Ethereum, with record on-chain activity and a booming stablecoin market nearing $300 billion in circulation. Over the next five years, Binance aims to accelerate the evolution of digital assets through four key dimensions: institutional integration, tokenization of real-world assets, enhanced stablecoin utility, and improved regulatory alignment.
Regarding Binance’s expansion efforts in Asian markets with ambiguous regulatory environments, Seker emphasized the need for responsible and collaborative strategies. The Asia-Pacific region has become essential for digital asset growth, often ranking second globally in transaction volumes, thanks to strong grassroots engagement and progressive regulatory frameworks in places like Singapore and Hong Kong.
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In India, a leading market for digital asset adoption, Seker anticipates an evolution toward a licensing regime that balances innovation with investor protection—indicative of Binance’s ongoing collaboration with local regulatory bodies. He pointed out that India’s regulatory journey will likely be thoughtful, aligning with its role in the G20, designed for financial inclusion and a digital economy.
Seker also highlighted the challenges facing the crypto landscape in Asia, notably the diverse regulatory frameworks across the region. While countries like Singapore and Japan have established clear regulations, others are still defining their rules. Despite this variation, he underscored the role that credible governance plays in building long-term trust and reducing fraud.
The discussion also touched upon the tokenization of real-world assets (RWAs). Seker expressed optimism about the World Economic Forum’s prediction that up to 10% of global GDP could be tokenized by 2027, citing the increasing regulatory clarity in key markets that supports this trend. Binance’s investments are geared toward creating compliant infrastructures that will facilitate access to tokenized assets.
As Binance looks to onboard its next cohort of millions of users, Seker noted that the approach will not solely focus on trading volume. Instead, the company aims to deepen user engagement and cater to a diverse set of participants, including retail users, businesses, and institutional investors. With tools like Binance Academy and innovative services such as Binance Pay, the platform seeks to simplify the user experience while promoting educational resources.
In concluding thoughts about the global crypto landscape, Seker acknowledged the United States as a hub for technological innovation, noting its structured regulations have positively influenced the industry. However, he also emphasized that Asia’s vibrant, younger population and evolving regulatory landscape position it as a critical driver of digital asset adoption and Web3 utility. While the U.S. continues to establish important benchmarks, Seker believes Asia is poised to lead in participation and scale for the future of digital assets.
