From the star of Binance, He Yi has played a pivotal role. She has overseen several areas of the exchange, including customer service, institutional partnerships, marketing, Binance P2P, and Earn.
When she takes over Binance Labs, he will be heading the company's investment strategy at a time when the venture capital outlook is quite dim.
Binance CEO CZ (Changpeng Zhao) said, тАЬAs a founding team member, Yi has been actively involved in Labs since its inception and has played a pivotal role in identifying early-stage projects and founders with the vision and drive to disrupt those global institutions that no longer serve society effectively.тАЭ
He will contribute to the expansion of Binance Labs, which has seen total growth of over 2,100% since its establishment. For example, some of Binance Labs' most prominent protocols include FTX, CertiK, Polygon, and Dune Analytics, and the company is presently managing as much as $7.5 billion in assets.
The female CEO will use her expertise to identify the startups with the most promising innovations and growth strategies as the crypto industry navigates its current stormy waters.
тАЬThe ability to identify those founders who have the abilities and embody the principles needed to flourish in an environment where resources are more constrained has been an integral part of the experience of watching Binance grow, especially through challenging market conditions. My mission as a frontrunner in the industry is to aid in the establishment of best practices by promoting viable projects and fostering a community of high-caliber blockchain solutions that can ultimately benefit the whole sector тАЭтАЬHeтАЭ uttered those words.
As part of her initial duties, she will be tasked with deciding how to distribute the $500 million fund that was successfully raised in June of this year.
When it comes to the daily volume of bitcoin traded, the cryptocurrency exchange Binance is unrivaled. It is a Cayman Islands-based company that started operations in 2017. Changpeng Zhao, a programmer who had previously developed high frequency trading software, launched Binance.
Binance is a cryptocurrency exchange. Most cryptocurrencies are supported. Binance offers a cryptocurrency wallet for traders. The exchange has services to earn interest or use cryptocurrency.
Binance is a safe exchange using Two-Factor Authentication (2FA). 7000 Bitcoins were stolen from Binance on May 7, 2019.
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