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Wednesday Dec 3 2025 07:00
2 min
In a strategic move aimed at bolstering its position in the cryptocurrency market, Binance has announced the appointment of co-founder Yi He as co-CEO, sharing leadership responsibilities with current CEO Richard Teng. The announcement was made during Binance Blockchain Week, where Teng highlighted He's vital role in the company's growth and development since its inception.
Richard Teng stated that Yi He's appointment is a "natural progression" given her significant contributions to the company. He noted that Yi He, who previously served as Binance's Chief Marketing Officer, has been instrumental in expanding the Binance community and driving innovation in the company's products and services. This appointment recognizes her leadership skills and strategic vision.
Yi He emphasized that sharing the CEO role with Richard Teng will allow for the utilization of two distinct perspectives, with Teng bringing his expertise in regulated financial markets, while she brings her deep knowledge of the cryptocurrency space. Notably, Yi He co-founded Binance and Okcoin (now OKX), making her a prominent figure in the industry.
It's worth noting that Richard Teng assumed the CEO role at Binance in late November 2023, following the resignation of founder and former CEO Changpeng Zhao (CZ), and his guilty plea to charges brought against him by the U.S. Department of Justice. Prior to becoming CEO, Teng served as the company's Head of Regional Markets outside of the United States.
This strategic appointment aims to enhance Binance's ability to adapt to the ongoing changes in the cryptocurrency market and leverage the diverse expertise of its leadership to achieve sustainable growth and continuous innovation.
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