Binance has appointed co-founder Yi He as co-CEO, elevating one of its earliest architects to a formal leadership role alongside chief executive Richard Teng.
According to a Wednesday announcement, Binance CEO Richard Teng announced on stage at Binance Blockchain Week that co-founder Yi He has been appointed co-CEO. Teng said He “has been an integral part of the executive leadership team since the launch of Binance,” calling the appointment “a natural progression.”
Teng explained that He, Binance’s chief marketing officer prior to her appointment as co-CEO, is crucial in growing Binance’s community and driving product innovation. Yi He said sharing the CEO role with Teng will make use of two very different perspectives, with Teng bringing his experience in regulated financial markets.
Yi He is a crypto native who co-founded Binance and Okcoin, the crypto exchange now called OKX.
Leadership Transition at Binance
Richard Teng was appointed as Binance’s CEO back in late November 2023. This appointment followed the resignation and guilty plea of co-founder and former CEO Changpeng “CZ” Zhao to charges levied against him by the US Department of Justice. Until his appointment as CEO, Teng served as the company’s head of regional markets outside of the United States.