Exchange strengthens executive team as it accelerates regulated global growth
The world’s largest cryptocurrency exchange has strengthened its leadership structure, naming co-founder Yi He as co-CEO alongside current chief executive Richard Teng. The move marks one of the most significant shifts in Binance’s executive lineup since its founding in 2017.
Binance Strengthens Executive Leadership for Global Expansion
The announcement was made on stage at Binance Blockchain Week, where Teng described the appointment as “a natural progression,” noting that Yi He has been “an integral part of the executive leadership team since the launch of Binance.” Her transition from chief marketing officer to co-CEO reflects the exchange’s push to unify internal leadership as it navigates increasingly regulated markets.
Industry observers say the dual-CEO structure signals Binance’s intent to balance deep crypto-native expertise with traditional regulatory experience.
Two Perspectives Driving One Global Strategy
Yi He emphasized that the shared role brings together complementary strengths. With her background rooted in crypto culture and community building, and Teng’s long career in regulated financial institutions, the company aims to integrate innovation with compliance-centric growth.
Teng took over as CEO in late 2023 after Changpeng Zhao stepped down. Since then, the exchange has focused heavily on compliance frameworks and regional licensing. The elevation of Yi He signals Binance’s intent to enter its next phase with a more structured and diversified leadership model.
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