Binance appoints Yi He as co-CEO
Yi He will share leadership with Richard Teng to strengthen Binance’s strategy and compliance amid regulatory challenges, overseeing nearly 300 million users, company said.
- Richard Teng, Binance CEO, announced on Tuesday at Binance Blockchain Week that Yi He, co-founder, will be co-CEO, highlighting her partnership with former leader Changpeng Zhao.
- The appointment follows a period in which Binance framed Yi's quiet strategic role as complementing Teng's former regulator experience amid U.S. enforcement actions and CZ's removal.
- Binance highlighted Yi He’s critical role in growing its community and driving product innovation as it works to reach the one billion metric, with CEO Richard Teng crediting her user-focused approach.
- Binance stated the move will position the firm to responsibly expand its global presence and drive sustainable innovation with users at the center, reiterating its dedication to being `the most trusted and regulated exchange in the world`.
- Yi He said she is honored to build alongside Richard Teng, who brings decades of regulated-markets experience, as they focus on Web3 infrastructure and promoting financial freedom.
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PORTRAIT - As co-director general of the world's largest trading platform, Yi He has established himself as the new leading figure of Binance. Co-founder for a long time remained in the shadow, she is a must in the cryptocurrency industry.
Crypto giant Binance appoints co-founder Yi He as co-CEO
Binance Holdings Ltd. named co-founder Yi He as co-chief executive officer in the biggest change to its top leadership since Changpeng Zhao stepped down from running the crypto exchange two years ago.
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