DUBAI, UAE – December 3, 2025 — Binance, the global blockchain ecosystem behind the world's largest digital asset exchange, announced at Binance Blockchain Week that its co-founder, Yi He, has been appointed Co-CEO. She joins Richard Teng at the helm as the exchange's global user base closes in on 300 million.
A Natural Progression in Leadership
"Yi has been an integral part of the executive leadership team since the launch of Binance. Her innovative and user-focused approach has been instrumental in shaping the company's vision, culture, and bottom-up business strategy," said Binance co-CEO Richard Teng. "This appointment is a natural progression and she will continue to guide the organization from strength to strength."
Binance Co-CEO Yi He: Focusing on Users and Innovation
Richard Teng added: "We remain dedicated to being the most trusted and regulated exchange in the world, always putting our users first. Yi plays a critical role in growing our community and driving product innovation as we work to reach one billion users. Together, we are focused on building the Web3 infrastructure and promoting financial freedom, empowering people to participate in a more open and fair financial system."
Yi He's Vision for Binance
"I am honored to build alongside Richard, who brings decades of experience in regulated financial markets and was among the first to regulate crypto in its early days," said Yi He. "Together, we bring diverse perspectives and are confident in leading the future of the industry during this pivotal time, as we responsibly expand our global presence and drive sustainable innovation with our users always at the center."
The appointment marks the most significant leadership change at Binance since Changpeng Zhao (CZ) stepped down in November 2023. Yi He has been a driving force behind the BNB Chain's growth and has overseen key acquisitions including CoinMarketCap, positioning her as one of the most influential figures in the global crypto industry.
