Crypto plumbing, policy improved in 2025, but prices ‘did not cooperate’: Binance

Regulated investment vehicles such as exchange-traded funds expanded in 2025, and corporations added crypto to their balance sheets, opening up more pathways for user access.

Crypto prices were a mixed bag in 2025, but behind the scenes and away from the market volatility, so-called “structural pillars” like user access, settlement rails and regulations improved, says Binance.

Prices across the crypto market fluctuated significantly throughout 2025, with Bitcoin (BTC) swinging between a low of $76,000 in April and a new all-time high of over $126,000 in October.

Binance Research said in a report on Thursday that mark movements aside, regulatory clarity with legislation like the GENIUS Act in the US and Europe’s MiCA framework, helped establish stablecoins as “essential global settlement infrastructure.”

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