Yesterday, at Binance Blockchain Week in Dubai, Binance’s co-founder He Yi, concluded the Main Stage’s sessions with CoinMarketCap’s Alice Liu.
They talked about what’s driving momentum on Binance, the most important challenges that the exchange overcame and still has ahead, and He Yi revealed the vision for the future of Web3.
Diving Into Binance’s Journey – Core Values
He Yi was asked about what core value of Binance remained unchanged over time, and she highlighted the main difference between other companies and the exchange – a unique culture.
According to Binance’s co-founder, successful companies have a strong culture that can bring people with the same mission together. Strong culture also leads to what she calls “money freedom.”
Money freedom involves two types of wealth:
- Being wealthy enough to not work anymore
- Delivering good and useful products to people
Building a Strong Community and Infrastructure
He Yi also highlighted the importance of building a strong community and infrastructure. She said that as a startup, you need to build a business model, but bigger companies must also focus on bringing value to the community.
Community value refers to building products that people really need. She highlighted that the value of the crypto industry doesn’t come from shitcoins, for instance, but from, creating something that is valuable and useful for people’s lives.
Binance’s Culture and Core Pillars
He Yi also talked about the exchange’s culture which involves the following pillars:
- Responsibility
- Freedom
- Being humble
- Cooperation
- User focus
Besides the importance of having freedom, working with responsibility, and always remaining humble, He Yi highlighted cooperation, especially in a world where working online has become the norm.
She mentioned female leaders and said that women don’t have to feel pressured when they give birth, nor be scared to remain pregnant, as they can continue working online.
Important Past and Future Challenges
He Yi mentioned that so far, the biggest challenge that the exchange had to deal with was Changpeng Zhao stepping down as CEO, but at the same time, she highlighted how Binance managed to overcome all problems and remain focused on its mission.
The exchange is now a mature organization company, with a strong team. A strong team involves people with unique skills, who are able to break the industry competition.
This is exactly the type of team that Binance had, being able to continue growing even without its co-founder present.
Cooperation with Regulators
He Yi said that, while about 10 years ago, no one cared about crypto or Bitcoin, now everyone wants to learn about Web3. In today’s industrial world, regulation is vital, as more challenges come from various regulators and Binance is doing its best to cooperate.
When she was asked about how she feels working with regulators, she said that if you want to survive as a builder today, such cooperation is vital.
What’s Next for Binance?
Binance surpassed 237 million registered users and the next steps of the exchange include:
- Internally – Continuing its growth
- Externally – Making efforts to support adoption
She also mentioned 3D printing, a new technology that has already reached people’s lives, and said that crypto is the same, and it’s important to integrate it into everyday life.
Bringing value to the industry is not about pumping up memecoins, she said, but about cooperating to build a better future.
Binance will remain focused on finding more startups that can bring innovation, more user cases, and everything required to make the industry usable.
She also highlighted the importance of being optimistic to build a positive world. He Yi believes that negative people are going to fail, and that’s why it’s important to have positive thinking and not limit yourself.
2025 Expectations
This is a very special year for the crypto industry, and He Yo signaled some positive signs such as the approval of ETFs which mirrors the fact that the industry is now big enough to be considered part of the financial world.
She sees 2025 as a good year for the overall crypto industry which will see more adoption. Compared to ten years ago, the industry has already seen important changes, helping people to have better lives.
She argued and said that there are already countries in which almost every family uses Binance, not only for trading but also for earning and sending money domestically and abroad.
The future is already here, He Yi believes, urging users to embrace the present moment as the dawn of Web3.
Binance’s co-founder covered all these subjects during the first day of Binance’s event in Dubai.
Today was another exciting day at Binance Blockchain Week with key subjects and discussions worth hearing.
