Binance Names Yi He as Co-CEO to Boost Global Web3 Growth

In a significant leadership shift, Binance has appointed its co-founder Yi He as co-chief executive alongside Richard Teng, marking a new chapter for one of the world’s largest cryptocurrency exchanges. The move signals Binance’s push to expand globally and deepen its involvement in Web3—a decentralized version of the internet powered by blockchain technology.

Yi He has been central to Binance’s executive operations since its inception, guiding strategic initiatives and fostering growth in multiple markets. Her promotion to co-CEO is seen as a strategic step to strengthen Binance’s infrastructure and position in the rapidly evolving Web3 ecosystem.

Richard Teng, who was named Binance CEO in 2023 following founder Changpeng Zhao’s legal issues in the U.S., will continue to lead alongside Yi. This dual leadership structure is expected to enhance operational efficiency and drive innovation in blockchain-based services.

The appointment comes after a turbulent period for Binance, with Zhao—widely known as CZ—having faced U.S. anti-money laundering charges. Despite being pardoned in October by former U.S. President Donald Trump, Zhao’s future role at Binance remains undecided.

Industry observers note that Yi He’s deep experience with Binance’s internal systems and global strategy could help the exchange navigate regulatory challenges while pushing new Web3 products to market. Analysts believe this leadership duo could redefine Binance’s position in the crypto and blockchain space, offering both stability and vision for its international growth.