Binance co-founder He Yi stated that Binance's biggest challenge was when CZ stepped down last year. Although the resignation of a company founder is a significant challenge, Binance has achieved great success by relying on its mature management system and the support of its team. Binance also faces regulatory challenges, as different regulatory bodies have different understandings of the cryptocurrency industry, and Binance collaborates with various regulatory institutions. Binance hopes to serve more users with the support of regulations and become a part of the future internet world.

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Odaily Planet Daily news: He Yi, co-founder of Binance, stated in his speech during the Binance Blockchain Week 2024 that the biggest challenge for Binance was the resignation of CZ last year. The departure of a company's founder is undoubtedly a significant challenge, but Binance has achieved great success through a mature management system and mutual support within the team. Entrepreneurial teams often open up markets through the prominent performance of their founders, while a mature team with a good organizational culture can continue to grow even without the founder.

The external challenge lies in regulation, as regulatory agencies have paid a great deal of attention to the crypto industry. Different regulatory agencies have different understandings of the industry, so Binance collaborates with various regulatory bodies.

Regarding the industry's skepticism about why Binance cooperates so closely with regulatory agencies, He Yi stated that Binance hopes to serve more users with the support of regulation, enabling billions of users to use cryptocurrency. Binance aims to become the Google of the crypto world and to build the future of the internet, making Web3 more accessible.

He Yi: Binance's biggest challenge was last year's resignation of CZ.