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A Leadership Shift at One of Crypto’s Largest Firms
Binance has appointed its co-founder, Yi He, as Co-CEO, marking a new stage in the company’s ongoing leadership transition. The announcement came during Binance Blockchain Week and signals a broader redistribution of executive responsibilities inside the firm.
The decision places Yi He alongside CEO Richard Teng, who has been leading the company’s regulatory and operational direction over the past year. Her new role formalizes responsibilities she has held since Binance’s early days, when she helped develop the company’s product roadmap and internal structure.
A Move Toward Shared Executive Oversight
Binance said the leadership change reflects the expanding operational needs of the business as it adapts to new regulatory expectations. According to the company, Teng referenced Yi He’s influence on strategy, user engagement and internal culture. While the statements stop short of outlining specific changes to governance, the shift signals a more distributed management model at a time when major exchanges continue to recalibrate after several years of heightened scrutiny.
Yi He noted that she will be working closely with Teng as Binance executes its global plans, including the expansion of its infrastructure efforts and its internal development of Web3-focused services. She pointed to her longstanding involvement with the company and expressed confidence in their combined approach as the exchange looks to support long-term growth across different regions.
A Strategic Adjustment in a Competitive Market
Binance remains one of the world’s largest players in crypto trading, and leadership changes within the company continue to draw attention due to its scale and influence. The appointment of a Co-CEO adds structure during a period when global exchanges emphasize compliance, operational clarity and more formal management frameworks.
The company did not announce changes to its product lineup or platform priorities alongside the leadership update, and no financial terms were disclosed. The addition of a Co-CEO role reflects an internal effort to distribute responsibilities as the firm works with regulators and seeks stability in a competitive and closely watched industry.
