Binance Co-Founder Yi He: Wallets and Exchanges Must Solve Real User Pain Points

Speaking at the Web3 Carnival in Hong Kong, Binance Co-founder Yi He emphasized that the core function of both crypto wallets and centralized exchanges lies in their ability to solve real user pain points, rather than being viewed as entirely separate businesses.“Whether it is a wallet or an exchange, their essence is the same — to serve users. The key is whether they truly solve users' problems,” Yi He said during her panel discussion.She pointed out that ordinary users often treat centralized exchanges as wallets, underscoring the overlap in user behavior and expectations. While wallets are typically regarded as decentralized storage tools and exchanges as trading platforms, the line between the two is increasingly blurred.Yi He added that the future of Web3 adoption hinges on product usability, convenience, and user-centric design. “At the end of the day, it's not about decentralization versus centralization — it's about solving pain points,” she concluded.As Binance continues to evolve its product ecosystem, her comments signal a strategic focus on integrated user experiences that combine custody, security, and trading functionalities.