He Yi: Zhao Changpeng's resignation is the biggest challenge for Binance, and Binance wants to become Google

ChainCatcher news, according to PANews, Binance co-founder He Yi stated in a speech at Binance Blockchain Week 2024 that Binance's biggest challenge was last year's resignation of CZ, but Binance has achieved great success through a mature management system and mutual support within the team.

Startup teams often open up the market through the outstanding performance of their founders, while a mature team with a good organizational culture can continue to grow even in the absence of its founder. The external challenge lies in regulation, as regulatory agencies have given a lot of attention to the crypto industry. Different regulatory agencies have different understandings of the industry, so Binance collaborates with various regulatory bodies.

When discussing industry skepticism about why to cooperate so closely with regulatory agencies, He Yi stated that Binance hopes to serve more users with the support of regulation and to support billions of users in using cryptocurrencies. Binance wants to become like Google and aims to build the future internet world, making Web3 more accessible.