Binance Unveils Plan for Ultra-Wealthy Crypto Missed Opportunities
The ultra wealthy feel like they’ve missed out on crypto riches — and Binance thinks it has a solution
Arthur Hayes on Tuesday night urged major exchanges Binance and Bybit to list River (RIVER) after the token hit a record high of around $24.60.
The comment reflects a familiar dynamic in crypto markets: exchange listings can shape access and visibility for newer or less widely traded tokens, particularly for investors who prefer to trade on the largest platforms.
Binance, one of the industry’s biggest exchanges, is also navigating a complicated global backdrop. Nigerian authorities have filed a lawsuit seeking $81.5 billion in claimed economic losses and back taxes, alleging Binance has a significant presence in the country despite not being registered there and is therefore liable for corporate income tax.
Separately, a legal matter referenced in the provided material lists other defendants including former White House communications officer Anthony Scaramucci, digital-asset exchange Crypto.com, and political groups such as the Mark Zuckerberg-founded FWD.US.
At the same time, Binance has attracted major institutional interest. In 2025, the UAE government’s sovereign-wealth fund Mubadala bought a $2 billion stake in the exchange, underlining the growing role of state-linked and large institutional capital in the crypto sector.
Together, the developments highlight the two-sided reality facing major crypto venues: they remain central to token distribution and liquidity, while operating under increasing legal and regulatory scrutiny across multiple jurisdictions.
