- Binance appointed co-founder Yi He as co-CEO alongside Richard Teng.
- Yi He played a major role in shaping Binance since its earliest days.
- The dual-CEO structure aims to balance regulatory focus.
Binance has announced a major leadership shift with its co-founder and longtime executive Yi He appointed as co-CEO alongside Richard Teng. The decision was revealed during Binance Blockchain Week in Dubai.
During the leadership update, Binance said that it plans to focus on better compliance, stabilizing global operations, and preparing its infrastructure for the next era of Web3 growth.
Related: Binance, Bitget, KuCoin and HashKey Lead Massive Relief Push After Deadly Hong Kong Fire
A Strategic Power Duo at the Top
After more than eight years inside the company, Yi He now joins Teng, who took over in 2023 after founder Changpeng Zhao stepped down, to create a dual leadership model.
According to Binance, Teng will concentrate on legal, regulatory, and institutional relationships using his background as a top financial regulator. Yi He will oversee product, retail operations, and user-facing businesses, areas where she has already played a decisive role since Binance’s launch.
Teng pointed out Yi He’s impact on Binance’s culture and bottom-up strategy and added that her influence has helped shape the vision that guided the platform from a startup in 2017 to a global ecosystem with nearly 300 million users.
Yi He’s Rise and Her Vision for Binance
Yi He is widely recognized as one of the most influential women in the crypto industry. Before Binance, she worked at OKCoin and famously recruited Changpeng Zhao to that exchange in 2014. Three years later, she joined him to build Binance.
She aims to support responsible global expansion, develop future-proof infrastructure, and keep user protection at the center of every initiative. She also addressed scrutiny over her personal connection to Zhao and clarified that her achievements stand on their own.
CZ Faces Another Lawsuit
Meanwhile, former CEO Zhao has been accused of facilitating illicit transfers tied to terrorist group Hamas when it attacked Israel on October 7 2023, as per a Financial Times report.
The complaint was filed by American citizens “whose family members were murdered, maimed or taken hostage in the assault,” the report added. The transfers were made even after the $4.3 billion DoJ settlement in November 2023.
Related: Binance Partners With Ho Chi Minh City to Boost Blockchain and Fintech Hub
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/binance-names-co-founder-yi-he-co-ceo-alongside-richard-teng/
