Recently, Binance co-founder He Yi responded to user inquiries on social platform X, clearly stating that well-known investor Cathie Wood has no connection with the exchange.
Clarifying User Scope
He Yi emphasized, 'Cathie Wood isn't a Binance user, and we don't serve individuals or entities in the United States.' This statement further clarified Binance's user policies and addressed community speculation.
Service Policy Insights
This announcement highlights Binance's cautious approach to global compliance. With increasingly strict regulations in the U.S. market, Binance is avoiding related risks to ensure long-term business sustainability.
Industry Implications
- Global exchanges face growing compliance pressures.
- Companies must balance expansion with regulatory adherence.
- Investors should pay closer attention to platform compliance standards.
For the industry, this statement serves not only as clarification but also as a reminder to market participants.