u.today
Amid the growing criticism surrounding Binance, raising questions about its operating standards, its Co-Founder Yi He has issued a post reaffirming the exchange's unwavering trust.
She reminded that Binance is firmly determined to maintain its long-term focus on innovation, user service, and trust.
Binance's bStock hits new milestone
She issued the post as the recently launched Binance bStock project began to gain early momentum following its rapid and unexpected growth.
Notably, reports have revealed bStock reaching a massive $100 million in assets under management (AUM) just two weeks after its launch on Binance Smart Chain.
Yi He's statement came after a viral post spotlighted Binance's growing competence, claiming that Binance is currently the only platform combining beneficial ownership and on-chain composability while supporting more than 7,000 stocks and ETFs at scale.
The senior Binance executive utilized the early momentum to push back against growing backlash toward the leading crypto exchange, especially from critics questioning its integrity and reliability.
She further pointed to Binance's nine years of commitment and efficiency, which has been demonstrably based on actions rather than public opinion. She reaffirmed that Binance remains focused on improving its products and delivering better experiences for users.
He fights against public opinion manipulation
Apart from defending Binance, the founder also warned against the growing habit of manipulating public sentiment for personal or business gains.
After assuring the public that this is not how Binance operates, she argued that users and employees should not be viewed as tools for influence or profit, but as people whose trust must be earned.