He Yi: Binance did its utmost to protect investors during the crash in October

At Binance Blockchain Week, Binance co-founder and co-CEO He Yi engaged in a dialogue with CoinMarketCap Research Director Alice Liu on the theme of "One Unstoppable Community." He Yi stated that he has always remained on the front lines of the industry, not just about money, but is fortunate to be a creator of history and to take on responsibilities. Richard has done a great job over the past two years, serving as a good bridge and interpreter in dialogues with regulators and policymakers.

October is a month of facing disasters, and people need to realize that BTC prices won't always surge; there will always be times when they drop. Although we don't know the exact timing, we acted as the trigger for the October crash. This time, our performance was not perfect, but we still made every effort to ensure transparency of information, letting the market know what happened and protecting investors as much as possible. Many people have illusions about market makers, but they are merely large funds enjoying better rates, and there are misunderstandings about large investors as well.

We have 300 million users, but crypto is still an innovative industry. Binance will collaborate with more companies in traditional finance and media to help more newcomers "connect" with Web3. Twelve years have passed, and I still maintain a "newcomer mindset"; in facing regulation, I have a better understanding that Binance and regulators share the same goal: to protect investors.