During the first day of the Binance Blockchain Week Dubai 2024, Binance co-founder He Yi discussed the toughest challenges facing Binance and how to 'maintain momentum' in the rapidly evolving crypto space in an in-depth fireside chat. In response to a question from CoinMarketCap's Alice Liu about the most challenging moments for Binance, He Yi shared experiences in addressing organizational development, industry competition, and compliance challenges.
He Yi pointed out that while the past year has posed significant challenges, Binance's infrastructure has also been fraught with difficulties. 'Standing out in fierce competition and maintaining continuous growth, even as an industry leader, is a major challenge,' she highlighted Binance's resilience and commitment to sustainable growth. With over 200 million global users, Binance focuses on driving a bright future for the crypto industry and enhancing financial accessibility.
He Yi also mentioned that industry compliance challenges are an important issue that Binance continues to face. She stated that although these challenges are complex, they are crucial for long-term growth and ecosystem trust. 'Many startups have a wonderful starting point, but what we pursue is sustainable growth,' she emphasized.