Binance Co-Founder 何一 Says Personal Ties Cannot Secure Listings

Binance co-founder 何一 defended the exchange’s listing review after renewed questions about her relationship with Primitive Ventures co-founder Dovey Wan, saying personal ties alone would not get a project listed.

何一 said she knows Wan, but even her mother could not get a project listed through a personal connection. If a project gained a Binance listing on that basis alone, she said, it would point to a weakness in the exchange’s review process.

She also discussed how market conditions had changed. Broad gains in 2017 reflected favorable conditions of the era, she said. She described 2019 initial exchange offerings as an exception: decentralized exchanges had yet to develop, giving Binance greater bargaining power. New projects generally had lower prices, she said, giving participants an opportunity to profit.

何一 said Binance had not proactively used underhanded tactics to compete for market share in recent years. Even when facing competition and taking a defensive approach, she said, Binance had acted straightforwardly. She welcomed direct criticism.