The management of the Binance exchange confirmed the absence of plans to enter the stock market, emphasizing this fact during a Q&A session with CEO Richard Teng and co-founder Yi He. Yi He assured concerned users that Binance will not confront its customers, as it is not in the exchange's long-term interest, and emphasized that the company will remain neutral, striving to provide quality services to its users.
The words of the founders also touched on the topic of IPO. The new head of Binance said that the exchange has no plans to hold an IPO in the near future, thus noting that the company remains privately held for the time being. They also expressed confidence that they will be able to successfully navigate a lawsuit from the U.S. Securities and Exchange Commission, which accused the exchange of illegal activity.
Binance executives emphasized their long-term strategic vision by supporting promising startups and planning to increase funding for incubation programs. They emphasized their focus on long-term growth and stressed the importance of transparency, despite previous criticism of the company for not being open enough about its organizational structure.
