Insights into Binance’s Listing and Investment Standards by Co-founder Yi He
Yi He, the co-founder of Binance, has been a prominent figure in the crypto industry since 2017. Recently, she decided to open up about Binance’s listing and investment standards, providing valuable insights into the decision-making process of the world’s largest crypto exchange.
In a statement, Yi revealed that Binance follows a rigorous screening process for projects and conducts internal reviews. She emphasized the importance of consensus within the team, stating that if someone strongly opposes a project, it won’t pass the listing criteria. This multi-layered approach considers factors such as the project’s technical foundation, market potential, and investment backing.
One of the key challenges that Binance faces is managing users’ expectations. Yi highlighted the need for realistic expectations in a market where high-return opportunities are becoming rarer. She emphasized the importance of understanding industry development and market fluctuations to make informed investment decisions.
Addressing regulatory issues and interest alignment, Yi clarified that Binance’s investment in listed coins is often limited, and the exchange does not have vested interests in all projects. She stressed the importance of providing reliable projects while filtering out high-risk ones to protect users.
Looking towards the future, Yi expressed her unwavering commitment to the crypto industry, believing that blockchain will bring revolutionary changes and infinite possibilities to the world. Reflecting on her journey, she recalled the early days of the crypto market when Bitcoin’s price soared past $1,000, sparking her interest in the industry.
Yi’s journey from leaving a career at Travel Satellite TV to co-founding Binance reflects the rapid evolution of the crypto industry. She acknowledged the industry’s maturation over the years, with a greater emphasis on professional skills and qualifications. Despite the challenges faced by Asian projects compared to their North American counterparts, Yi remains optimistic about the future of entrepreneurship in the crypto space.
As Binance continues to lead the way in the crypto exchange market, Yi He’s insights provide a valuable perspective on the industry’s growth and development. Her commitment to innovation and long-term vision serves as an inspiration for aspiring entrepreneurs and investors in the ever-evolving world of cryptocurrency.