TradingKey - Binance is assisting several countries in establishing cryptocurrency strategic reserves. This enhances the outlook for the crypto market.
On April 17, the Financial Times reported that Binance CEO Richard Teng stated the exchange is helping some countries create national strategic digital asset reserves. However, he did not disclose the names of these countries.
In July 2024, Donald Trump proposed a "Bitcoin Strategic Reserve" during his presidential campaign. By March 2025, he announced the inclusion of BTC, ETH, XRP, ADA, and SOL in the strategic reserve. He also mentioned converting over 200,000 confiscated Bitcoins into reserve assets.
Trump's actions have prompted other countries to take similar steps. Officials from Japan, Russia, Brazil, and Poland have proposed establishing their own cryptocurrency strategies.
Countries around the world are forming cryptocurrency strategies. This not only increases demand but also strengthens legitimacy, attracting more investors. Additionally, Binance's collaboration with these nations may benefit its business and could see BNB included in reserve assets.