Binance Co-Founder Yi He Defends Token Listings After CZ's Criticism

Binance Co-Founder Yi He Addresses Token Listings After CZ’s Criticism

Binance co-founder Yi He has spoken out about the exchange's token listing process following criticism from former CEO Changpeng Zhao (CZ). In an interview, He addressed concerns about the exchange's slow response times and the need to focus on assets that create value while rejecting corruption or shaky projects.

He acknowledged that the exchange's listings have always been important, but recent listings, such as the TST meme coin, have drawn criticism from CZ. Binance has also faced criticism for listing low-market-cap meme coins, which often leads to pump-and-dump schemes.

Yi He said that listings are determined by return on investment (ROI), market performance on other exchanges, and the ability to attract new users. However, she noted that investor demographics are changing, bringing new responsibilities for the exchange.

Yi He also discussed Binance Labs' independence, despite its recent rebrand, and the firm's efforts to repair relationships with US regulators. She painted a realistic yet optimistic view of the company's future trajectory, emphasizing the need to address problems head-on to maintain confidence in the industry.