Yi He Defends Binance Amid Backlash as bStocks Product Surpasses $100M in AUM
Binance co-founder Yi He has stepped forward to address mounting criticism directed at the exchange, publishing a statement that firmly reaffirms the platform's commitment to long-term trust, user service, and continuous innovation. Her remarks came at a particularly significant moment, as Binance's newly launched bStocks product crossed a major milestone just weeks after going live.
The bStocks initiative, built on Binance Smart Chain, reached $100 million in assets under management (AUM) within only two weeks of its launch — a pace that surprised many observers in the crypto space. The product has drawn attention for its unique positioning: according to reports circulating online, Binance is currently the only platform that simultaneously offers beneficial ownership and on-chain composability while supporting more than 7,000 stocks and ETFs at scale. That combination appears to be resonating strongly with early adopters.
Yi He used the momentum surrounding bStocks to address critics head-on. Rather than dismissing concerns outright, she pointed to Binance's nine-year track record as evidence of the company's integrity. She emphasized that the exchange has consistently chosen to let its actions speak louder than public perception, and that this approach remains central to how Binance operates today.
In her statement, the co-founder made it clear that Binance's priorities have not shifted. Improving products and delivering meaningful experiences for users remain the core focus, regardless of external noise or reputational pressure. She stressed that the company's foundation is built on demonstrated reliability rather than reactive responses to criticism.
Beyond defending the exchange itself, Yi He also took aim at a broader trend she finds troubling — the deliberate manipulation of public sentiment for personal or commercial advantage. She argued that this kind of behavior is fundamentally at odds with how Binance approaches its relationship with users and staff. In her view, people — whether customers or employees — should never be treated as instruments of influence or profit. Trust, she insisted, must be genuinely earned.
The timing of Yi He's statement adds extra weight to her message. With bStocks gaining traction rapidly and critics raising questions about Binance's operational standards, her public response signals that the exchange's leadership is paying close attention to both its reputation and its product roadmap. For a platform operating at Binance's scale, the ability to combine on-chain innovation with institutional-grade asset exposure could represent a significant strategic advantage going forward.
