Key Highlights
- Binance Co-Founder Yi He has been promoted to Co-CEO, announced during Binance Blockchain Week.
- The company emphasized her long-standing role in shaping its culture, strategy, and user-first approach.
- The leadership shift comes as Binance nears 300 million users and works to deepen its global regulatory standing.
Binance, the world’s largest cryptocurrency exchange by both users and trading volume, announced a major leadership change at Binance Blockchain Week. The company revealed that its Co-Founder, Yi He, has been elevated to the role of Co-CEO.
The move comes as Binance edges closer to reaching 300 million users worldwide and works to solidify its regulatory foothold in important global markets.
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.
Teng added that Binance remains committed to operating as “the most trusted and regulated exchange in the world, always putting our users first,” noting that Yi He’s leadership will continue to shape the exchange as it works toward the ambitious goal of reaching one billion users.
“Together, we are focused on building the Web3 infrastructure and promoting financial freedom, empowering people to participate in a more open and fair financial system,” he said.
Yi He: “Honored to build alongside Richard”
In her remarks, Yi He spoke about the complementary leadership dynamic she shares with Teng and the shared vision guiding Binance’s next phase of growth. “I am honored to build alongside Richard, who brings decades of experience in regulated financial markets and was among the first to regulate crypto in its early days,” she said.
“Together, we bring diverse perspectives and are confident in leading the future of the industry during this pivotal time, as we responsibly expand our global presence and drive sustainable innovation with our users always at the center,” Yi added.
Binance highlights Yi He’s influence and track record
After the on-stage announcement, Binance shared a detailed leadership update on X, officially welcoming Yi He into her new position as Co-CEO. The company highlighted how instrumental she has been in shaping Binance’s identity since its earliest days.
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.”
The company reiterated that its mission remains unchanged: “broaden access to crypto, protect users, and accelerate safe adoption worldwide.”
A new era for Binance
The appointment of Yi He to Co-CEO formalizes the leadership structure many in the industry have long observed informally. As Binance scales towards one billion users and navigates increasingly complex global regulatory environments, the dual leadership model is expected to provide the organization with greater strategic depth.
With Yi He’s continued role in shaping product innovation and global community engagement—and Teng’s experience in regulation and compliance—Binance appears to be signaling a more mature, institutionally aligned direction for the future.
The company’s message concluded with a clear forward-looking sentiment: “Onwards to one billion users.”
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