Binance Co-Founder: BNB's Success Not Dependent on Listing Effect

Binance Co-Founder He Yi recently addressed industry challenges and the platform's commitment to BNB, acknowledging the lack of a listing effect on Binance and emphasizing that good projects and entrepreneurs will shine on their own. In an interview on February 2nd, Yi discussed the venture arm, Binance Labs, and its association with various projects, noting that successful entrepreneurs and innovative projects require time to flourish. He acknowledged the difficulties faced by underperforming projects on Binance and the diminishing wealth effect experienced in the market, stating, "This is a common issue within the entire sector."

Yi also highlighted the need for improvement in Binance's wallet products and the strategic focus on BNB users. Despite recognizing Binance's inherent challenges, including regulatory pressures and organizational growth, Yi denounced unfounded allegations aimed at discrediting the exchange. He maintained that every sector faces its own set of hurdles and urged for a factual discourse around the company's operations.

In a separate statement, Yi once again responded to questions regarding Binance Labs and its "close friends," reiterating that good projects and entrepreneurs will shine on their own given time. He agreed that the issue with poorly-performing projects listed on Binance and the lack of a wealth effect is a common problem in the industry. Yi also acknowledged that Binance's current products are not good enough, with a significant gap in wallet products and a strong focus on listing and airdrops to BNB users. He emphasized that Binance has many problems to face, including regulatory pressure and organizational growth, but that every industry and company has its own challenges to overcome.