Binance has announced a major leadership update as it approaches a historic milestone of 300 million global users. Co-founder Yi He, one of the driving forces behind the company since its creation, has been appointed co-CEO alongside the current CEO, Richard Teng.
The announcement was made during Richard Teng’s keynote at Binance Blockchain Week, marking a strategic leadership evolution as the company prepares for its next phase of global expansion.
A Strategic Move as Binance Targets One Billion Users
Yi He has long been recognized as one of the most influential figures inside Binance. Moreoever, she plays a central role in setting the exchange’s culture, direction, and user-first philosophy. Her promotion formalizes what many in the industry have viewed as her natural leadership position.
Richard Teng described Yi’s appointment as a “natural progression,” highlighting her significant influence on Binance’s operational and product strategy. He emphasized that her leadership will be key as Binance continues its mission of reaching one billion users worldwide.
“Yi has been an integral part of the executive leadership team since the launch of Binance,” Teng said. “She will continue to guide the organization from strength to strength.”
Innovation, User Focus, and Web3 Leadership
Under Yi’s guidance, Binance has maintained a strong emphasis on building products centered around user needs—an approach that has helped the platform scale into the world’s largest cryptocurrency exchange by volume.
Binance stated that Yi will play a critical role in:
- Driving future product innovation
- Strengthening regulatory compliance
- Growing the global Binance community
- Advancing Web3 infrastructure development
Teng reaffirmed Binance’s commitment to working closely with regulators globally, saying the platform remains “dedicated to being the most trusted and regulated exchange in the world.”
A Shared Vision for the Future of Finance
Reacting to her appointment, Yi He said she was “honored” to step into the co-CEO role alongside Teng, noting that their complementary experience will help steer Binance through the next pivotal chapter.
“Together, we bring diverse perspectives and are confident in leading the future of the industry during this pivotal time,” Yi He said. “Our focus remains on responsibly expanding our global presence and driving sustainable innovation with our users always at the center.”
Binance noted that Yi and Richard will jointly lead efforts to build Web3 infrastructure that empowers users and supports an open, fair, and inclusive financial system.
What This Means for Users
This leadership shift comes at a time when Binance is scaling rapidly while navigating an increasingly regulated global environment. Yi He’s elevation to co-CEO underscores the platform’s ongoing push toward stronger governance, transparency, and long-term user empowerment.
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