Binance Names Yi He Co-CEO with Richard Teng

Dubai, United Arab Emirates—Binance, the world's largest cryptocurrency exchange by trading volume, announced on December 3, 2025, during its annual Blockchain Week event here that co-founder Yi He has been appointed as co-chief executive officer alongside current CEO Richard Teng.

The appointment marks a new phase for the company, which has navigated significant regulatory challenges in recent years. Yi He, a key figure in Binance's early development, will focus on product innovation, user experience, and expanding the platform's reach into Web3 technologies and global markets. Teng, a former regulator with experience in financial oversight in Abu Dhabi and Singapore, will continue to oversee compliance, legal matters, and institutional partnerships. Together, the duo aims to blend innovation with strengthened regulatory adherence, serving Binance's nearly 300 million users worldwide.

Yi He joined Binance in 2017 as chief marketing officer after working in the cryptocurrency sector at OKX, where she helped recruit founder Changpeng Zhao, known as CZ. She later advanced to chief customer service officer, contributing to the exchange's growth into spot trading, futures,...