Binance, the world’s biggest crypto exchange, announced a major leadership update during Binance Blockchain Week. The company said that its Co-Founder, Yi He, has now been promoted to Co-CEO.
This change comes as Binance approaches 300 million users globally and continues to strengthen its regulatory position in key markets around the world.
Richard Teng, who currently serves as CEO, described the appointment as a natural progression in the company’s evolution. “Yi has been an integral part of the executive leadership team since the launch of Binance. Her innovative and user-focused approach has been instrumental in shaping the company’s vision, culture, and bottom-up business strategy,” he said.
The statement read: “We are delighted to welcome Binance co-founder @heyibinance into her new role as Co-CEO. Yi has always played an important role, shaping our culture, driving innovation, and championing a user-first approach across our entire ecosystem. Her leadership has been instrumental to the growth and identity of Binance.”
Binance added that both Yi He and Richard Teng will guide the company “through its next phase of development as we strengthen our global regulatory foundations and continue building a trusted, transparent, and responsible platform for digital assets.”
Yi He’s appointment as Co-CEO makes official a leadership structure that many in the industry had already seen taking shape informally.
As Binance moves toward its goal of reaching one billion users and deals with complex global regulatory challenges, having two leaders at the top is expected to give the company stronger strategic direction.
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