Binance co-founder He Yi stated that crypto investment is no longer confined to buying tokens. She highlighted that miners, exchanges, payment and custody institutions, and entities holding crypto as treasury assets are now all tradeable on Binance's platform. He Yi called this a fundamental shift: "Crypto is no longer just a single-token story; it's the story of the whole industry." She cited Binance Research, which reported that the current bull run is centered on the ecosystem's infrastructure, including miners, exchanges, stablecoin infrastructure, custody infrastructure, and digital asset treasuries. These can be traded via direct stocks, TradFi-Perps, or bStocks alongside spot and futures. This marks a move from token-centric to ecosystem-centric crypto investment.
Binance co-founder He Yi said in a recent post that crypto investing has moved past the old idea of just buying tokens. "Miners, exchanges, payment and custody providers, and institutions that hold crypto as treasury assets — the entire industry is now tradeable on the Binance platform," she wrote. In her view, that marks a basic change: "Crypto is no longer just a single-token story; it's the story of the whole industry."
In her tweet, He Yi pointed to a report from Binance Research saying the current crypto rally is not being driven only by tokens anymore. Miners, exchanges, stablecoin infrastructure, custody infrastructure, and digital asset treasuries (DAT) are all tradable on Binance as direct stocks, TradFi-Perps, or bStocks, along with spot and futures products.
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