Binance review: Yi He steps into co-CEO role to advance Web3 vision
Binance has announced the appointment of its co-founder, Yi He, as the company’s new co-CEO, a move that strengthens the exchange’s executive leadership as it nears a historic milestone of 300 million global users. The appointment was revealed by co-CEO Richard Teng during his keynote speech at Binance Blockchain Week, marking a significant evolution in corporate governance at one of the world’s largest crypto trading platforms.
Teng described Yi’s new role as a natural progression, emphasizing that she has been “an integral part of the executive leadership team since the launch of Binance.” He added that she will continue to guide the organization “from strength to strength” as it advances its long-term mission.
A strategic leadership shift to support global expansion
Yi He has played a central role in shaping Binance’s culture and strategic direction since its founding. Her focus on user needs and product innovation has been instrumental in helping the exchange expand its global community, laying the groundwork for its stated goal of reaching one billion users.
Teng reiterated Binance’s commitment to developing Web3 infrastructure, enhancing regulatory compliance, and maintaining a user-first approach. As the company continues to navigate complex global regulatory landscapes, he characterized Yi’s appointment as essential for sustaining product excellence while advancing Binance’s reputation as “the most trusted and regulated exchange in the world.”
Yi is credited with leading several initiatives that support global ecosystem growth, including community engagement, product development, and cross-market expansion.
A shared vision for the future of finance
In accepting her new role, Yi He highlighted the complementary leadership dynamic she shares with Richard Teng. “I am honored to build alongside Richard, who brings decades of experience in regulated financial markets,” she said. Yi emphasized their joint responsibility to scale Binance sustainably while keeping users at the center of all strategic decisions.
Together, the two executives will spearhead Binance’s next phase of growth, which includes strengthening compliance efforts, accelerating Web3 development, and expanding access to open, user-empowering financial systems. Binance stated that both leaders remain committed to developing infrastructure that supports fair and globally accessible digital finance.
With one of the largest global user communities and a rapidly evolving product ecosystem, Binance’s leadership shift signals its continued ambition to define the next era of crypto innovation.
Read also: Binance expands VIP offerings with Prestige service for major investors
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