Binance has introduced a new leadership structure as co-founder Yi He steps into the role of co-CEO, joining Richard Teng at the helm of the world’s largest cryptocurrency exchange.
The announcement was first made during Binance Blockchain Week in Dubai, marking a significant shift as the company continues reshaping its governance and compliance posture.
A Dual Leadership Model For A New Phase
The move signifies Binance moving into a more structured and globally aligned executive model. Yi He will now share top leadership responsibilities with Teng, who became CEO in 2023 after Changpeng Zhao (CZ) stepped down amid regulatory pressure.
The combined leadership aims to reinforce Binance’s compliance standards, expand regulated operations, and stabilize the company’s position in key jurisdictions. Executives described the co-CEO approach as a reflection of Binance’s growing scale and need for diversified oversight.
Yi He’s Influence On Binance’s Evolution
Yi He’s appointment is portrayed as a natural evolution for someone who has shaped Binance since its founding. Her strengths lie in product innovation, user experience, and community growth, areas she has overseen since the exchange’s earliest days.
Her background extends beyond the ecosystem, having transitioned from a television career to becoming one of the most influential figures in global crypto. Yi He has been central in crafting Binance’s strategic vision and remains deeply embedded in its culture.
Richard Teng Anchors The Regulated Side
Richard Teng, known for his experience in traditional financial regulation, will continue steering Binance’s expansion into compliant markets. The new structure highlights that Teng and Yi He bring complementary strengths:
- •Yi He: deep crypto-native understanding, product direction, user growth
- •Teng: regulatory architecture, institutional trust-building
Together, the pair is tasked with navigating Binance’s future as the company continues adapting after its settlement with U.S. authorities and the broader post-CZ transition.
A Reinforced Direction For The Exchange
Yi He’s elevation to co-CEO underscores Binance’s commitment to balancing product innovation with regulatory alignment. As the exchange enters a new chapter, the dual leadership structure signals a strategic effort to stabilize operations, rebuild trust, and encourage sustainable global expansion.