Binance Shifts from Blitzscaling to Collaborative Crypto Strategy
Silicon Valley's 'move fast and break things' strategy, once successful in launching global crypto platforms, is no longer effective in Southeast Asia. According to SB Seker, a former Monetary Authority of Singapore (MAS) regulator turned Binance executive, the approach has led to legal reckonings for companies.
At Coinfest Asia 2026, Seker explained that building a lasting crypto business requires playing by local rules. This involves tailoring product offerings to regional regulators' expectations and engaging in early dialogue with authorities to understand policy intent behind laws.
Binance has adapted its strategy, partnering with local institutions to return to the Philippines after facing issues from the Securities and Exchange Commission (SEC) for targeting residents without domestic licenses.
Seker also dismissed the idea that crypto platforms will replace traditional stock markets. Instead, he envisions a collaborative division of labor between TradFi and crypto exchanges.