Yi He: Binance Moves Beyond Crypto and TradFi Labels, Targets Global Financial Infrastructure

Binance co-founder Yi He said the exchange has launched commodity trading — including crude oil, gold, and silver — with volumes already accounting for a significant share of traditional market scale, as the company moves to position itself as global financial infrastructure beyond crypto or TradFi categories. Speaking at the Hong Kong Web3 Festival 2026, Yi said the industry has evolved from its early "take down Wall Street" posture to a convergence phase, citing Futu, Tiger Brokers, and Robinhood as platforms now holding both equity and crypto assets. Yi said Binance's long-term direction is guided by first principles: advancing global financial freedom, financial equality, and improving the lives of ordinary users.