PANews reported on February 2 that Binance co-founder He Yi posted on social media that Binance does face multiple challenges, including coin listing mechanism, lack of wealth effect, product gaps and regulatory pressure, but she emphasized that good projects and entrepreneurs will eventually be recognized by the market, it just takes time.

She admitted that Binance’s current listing strategy has shortcomings, and pointed out that due to the large amount of resources invested in compliance work, there is still room for improvement in wallet products. In addition, Binance is more inclined to require project parties to airdrop BNB users in the listing negotiations to maintain the interests of the ecosystem.

However, she also criticized some market comments for fabricating stories without evidence, intending to mislead the community and blaming all problems on Binance. She said that both the industry and the company will face challenges, but malicious accusations against Binance are irresponsible behavior.