Binance elevates co-founder Yi He to co-CEO as growth surges

MUMBAI: Binance has appointed its co-founder Yi He as co-CEO, marking a major leadership shift announced during Binance Blockchain Week. The move comes as the company inches closer to a massive milestone: 300 million users worldwide.

CEO Richard Teng said Yi has been central to Binance’s rise from the very beginning, shaping everything from its culture to its user-first business strategy. He called the appointment “a natural progression” and noted that her influence would continue to guide the fast-growing ecosystem.

Teng added that Binance remains committed to being the most trusted and regulated exchange globally, with user protection at its core. He credited Yi’s role in expanding the community and powering product innovation as the company sets its sights on an ambitious next goal: one billion users.

Yi said she was honoured to share the helm with Teng, praising his decades of experience in regulated financial markets and his early role in shaping crypto regulation. She said their combined perspectives would help steer the industry through a pivotal phase, with plans to grow responsibly, innovate sustainably and keep users firmly at the centre.

The leadership pairing signals Binance’s intent to strengthen its global presence while building the infrastructure for a more open and accessible Web3 future.