TLDR
- Binance has appointed co-founder Yi He as its new co-CEO alongside Richard Teng.
- The announcement was made during Binance Blockchain Week in Dubai.
- Yi He previously served as the Chief Customer Service Officer at Binance.
- Richard Teng praised Yi He’s leadership and her contributions to the company’s growth.
- Yi He said she is confident in leading the company with Teng through its next phase.
- Binance now reports it is approaching 300 million users globally.
Binance has reshaped its executive team by appointing co-founder Yi He as co-CEO. Richard Teng will continue in the same role. The announcement was made at Binance Blockchain Week in Dubai on Wednesday.
Yi He Steps Into Co-CEO Role
Yi He now shares the top position with Teng, reinforcing Binance’s internal leadership. She previously served as Chief Customer Service Officer. Yi He has worked at Binance since its launch in 2017.
Teng said, “Yi has been an integral part of the executive leadership team since the launch of Binance.” He added that her “user-focused approach has shaped the company’s vision, culture, and strategy.”
Yi He expressed confidence in the partnership, saying, “Together, we bring diverse perspectives and are confident in leading the future of the industry.” She emphasized that the company would continue to focus on users while scaling globally.
The leadership change comes as Binance continues to rebuild its structure after enforcement actions led to the resignation of former CEO Changpeng Zhao. Zhao stepped down in November 2023. Teng took over leadership duties after Zhao’s departure.
Binance Strengthens Global Strategy
The company says it is approaching 300 million users, reflecting its expanding global footprint. The announcement in Dubai highlighted Binance’s intention to maintain momentum. Teng and Yi He are expected to guide future growth.
Yi He has played a strong operational role across multiple functions at Binance. She contributed to product development, marketing, and customer experience. The new role formalizes her leadership influence.
According to her LinkedIn profile, she has over eight years of experience with Binance. Her background also includes early involvement with OKCoin. Her industry experience spans both business and operational management.
Teng brings expertise from his time regulating financial markets before joining Binance. He praised Yi He’s leadership capabilities. He also said the shared CEO model will help scale the business more efficiently.
Zhao Reacts, Leadership Team Looks Ahead
Changpeng Zhao reacted to the appointment via X, supporting Yi He’s promotion. “She should have been the Binance CEO from day one,” Zhao wrote. He described both leaders as having “complementary skills.”
Yi He and Zhao have a long-standing personal and professional history. They were previously partners at OKCoin. Their relationship includes both family and business ties.
Reports surfaced in October about a possible return of Zhao to Binance leadership. These reports linked the speculation to a potential pardon from former U.S. President Trump. No final decisions have been made public.
Yi He’s appointment signals Binance’s commitment to operational continuity. Teng and Yi He will now guide the platform through its next phase. Binance aims to maintain growth while strengthening compliance and global reach.
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