Dubai, October 30, 2024 – During an insightful fireside chat on the first day of Binance Blockchain Dubai 2024, Co-founder Yi He discussed the toughest challenges Binance has faced and how the company remains committed to “Driving Momentum” despite obstacles in the rapidly evolving crypto space. Addressing a question from CoinMarketCap’s Alice Liu about Binance’s most challenging moments, Yi He shared reflections on organizational hurdles, industry competition, and regulatory compliance.
Yi He acknowledged that, while the past year has posed significant challenges, the foundational work of building Binance was also demanding. “Breaking into the competition and continuing our growth—even as industry leaders—has been a key challenge,” she explained, underscoring Binance’s resilience and its commitment to sustaining momentum. With over 200 million users globally, Binance remains focused on building a brighter future for the crypto space and increasing financial accessibility.
Navigating industry-wide regulatory and compliance challenges is another ongoing priority for Binance. Yi He noted that while such challenges are complex, Binance views them as necessary for long-term growth and trust within the ecosystem. “Many startups have fantastic beginnings, but what we strive for is growth and sustainable growth,” she emphasized. Yi He encouraged other innovators to view failure as a natural part of the journey, urging persistence and adaptability as critical to success.
