Binance Will Experience Major Changes, New CEO Says

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He Yi, co-founder of Binance, has announced that the company will establish a board of directors and open its headquarters as soon as possible.

She has emphasized that the company remains strong despite the recent panic and that transparency is valued in this era.

A user asked for the location of Binance’s headquarters, to which Yi responded that the company is still in its early stages and will reveal its headquarters and board of directors in the future, aligning with the image of a financial institution.

Richard Teng, the new CEO of Binance, also aims to transform the exchange and introduce more traditional corporate practices such as financial transparency and a board of directors.