Binance has announced that company co-founder Yi He has been named co-CEO, joining Richard Teng at the top of the organisation as the exchange pursues its goal of reaching one billion global users. The update was released through the Binance Blog earlier today, marking one of the firm’s most significant leadership adjustments since its launch. Yi He has been a central figure at Binance from the outset, shaping its culture and long-term vision with a firm emphasis on user-driven innovation.
The appointment was brought to wider attention during Richard Teng’s keynote address at Binance Blockchain Week. Teng highlighted Yi’s longstanding role within the executive leadership team and described her elevation to co-CEO as “a natural progression”. He commended her for helping define Binance’s strategic direction since day one and said her presence in the top leadership tier will support the exchange as it continues broadening its global footprint.
During his remarks, Teng repeated Binance’s commitment to Web3 development and to operating as one of the world’s most trusted and well-regulated exchanges. He said Yi He had been “critical” in expanding the Binance community while also steering product development, stressing that her contributions remain essential as the company adapts to a more demanding regulatory environment.
Yi He said she was honoured to step into the co-CEO role alongside Teng, noting that his decades of experience in regulated financial markets complemented her own background within the crypto sector. She said their combined perspectives aligned closely with Binance’s long-term goals, particularly regarding responsible expansion and sustainable innovation centred around user needs.
Binance says the leadership partnership will guide the company into its next phase, with an emphasis on strengthening regulatory compliance, driving innovation and enhancing user empowerment worldwide. Yi and Richard’s joint approach will focus heavily on building Web3 infrastructure aimed at creating a more transparent and accessible financial ecosystem. According to the company, the mission remains unchanged: to build a trusted, user-centric platform capable of supporting billions of people through continued innovation and community-focused growth.
