He Yi again responds to queries over "bestie coins" and project listings: There is no scenario where listing decisions are influenced solely by personal relationships.

1 hours ago

Binance co-founder He Yi responded to rumors in the community, stating: "I do know Dovey Wan, co-founder of Primitive Ventures, but there is no such thing as a 'bestie accompanying childbirth' or similar claims. Even my own mother cannot push a project to list on Binance solely through personal connections. If a project manages to list only via personal ties, it indicates Binance's insufficient review capability. There are very few quality projects in the crypto space in recent years; BNB is one of them, which lives up to those who trust Binance, but crypto investment and trading never guarantee profits. The 2017 bull market where everything rallied was an era dividend, and few participants back then remain active now. The 2019 IEO was an exception, as decentralized exchanges (DEXs) were still nascent, giving Binance pricing power. After DEXs matured, Western VCs drove up the prices of VC-backed tokens, and everyone was happy. Binance has never actively resorted to unscrupulous means to compete for market share over the past years. Even when adopting defensive strategies amid competition, we have always been straightforward. If you think we have done something wrong, feel free to criticize us directly. Additionally, regarding IEOs: at that time, market liquidity was concentrated on Binance, so the platform had strong market dominance, leading to generally low issuance prices for new projects, giving participants the opportunity to earn returns."

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