The world’s biggest cryptocurrency exchange, Binance, is a massive operation that does business in about 180 countries and transacts more than $2 billion in daily trading volume on average.
Yi He, the co-founder of Binance and CMMO and CEO Changpeng Zhao’s right-hand woman, is also responsible for the business’s growth.
Binance CEO, Chanpeng Zhao shared his attitude regarding the evolution of the regulatory landscape, the internet’s part in crypto growth, the surge of meme coins, and the significance of women as leaders.
Binance Regulation and Physical Headquarters
This year has been tough for Binance. It has faced extreme criticisms from global regulators causing multiple issuing bans and warnings.
Binance lacked physical headquarters and this is one of the major concerns. CEO Changpeng Zhao acknowledged that they are needed to continue the business within the global regulators’ established boundaries. Ever since Binance has founded, it has always been allowing its employees to work remotely or what was labeled as “futuristic”
According to Yi He, the industry is years ahead of the times and everyone works from home in the present.
She mentioned that Binance shortlisted five countries, some of them are in Europe, but refused to confirm any details. She added that it boils down to having crypto-specific legislation in particular regions. As the regulatory officials put a stop to the digital asset space, it indicates that the industry is evolving.
Yi He set up self-regulation. In addition, the company implements internal policies. Some of these policies include no insider training and users’ protection against fraudsters and they strongly fight it.
Crypto Growth
Countries with advanced internet setups help them see the biggest clamor when it comes to crypto demand. Yi He mentioned that the internet greatly helps crypto.
However, their fiat currencies fall in value is seen in some countries such as those in Africa, and a surge in crypto demand is evident.
Meme Coins
Dogecoin, Shiba Inu, SQUID, and other meme coins being in the spotlight, he stated that it’s all about FOMO and encouraged its investors to be cautious.
Women Leadership
Males usually dominate the wider industry, but not in Binance. 35% of the women comprise its managerial teams.
Women, to prove that they deserve to be a part of the decision-making, had to work harder. Companies should respect the various strengths women have, especially mothers. She also added that women lack self-trust that they can hit the target but actually can.
Concerns on Leadership Challenges
The difficulty of building a company’s culture is believed to be caused by the nature of the remote work. Yi He does her very best to establish connections by scheduling one-on-one calls with teammates and colleagues.
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