Binance has appointed co-founder Yi He as Co-Chief Executive Officer (Co-CEO), joining current leader Richard Teng in a dual executive structure. The announcement was made on 3 December 2025 during Binance Blockchain Week in Dubai, as the platform approaches the milestone of 300 million users.
According to a company, Binance said Yi He “has been an integral part of the executive leadership team since the launch.” Her “innovative and user-focused approach” has driven the company’s vision, culture, and bottom-up business strategy.
“Yi has been an integral part of the executive leadership team since the launch of Binance. Her innovative and user-focused approach has been instrumental in shaping the company’s vision, culture, and bottom-up business strategy,” said Binance CEO Richard Teng. “This appointment is a natural progression, and she will continue to guide the organization from strength to strength.”
Richard Teng described the appointment as a “natural progression,” underlining Binance’s ambitions for continued growth.
In her remarks, Yi He said she was “honored to build alongside Richard … as we responsibly expand our global presence and drive sustainable innovation with our users always at the centre.”
“I am honored to build alongside Richard, who brings decades of experience in regulated financial markets and was among the first to regulate crypto in its early days,” said Yi He. “Together, we bring diverse perspectives and are confident in leading the future of the industry during this pivotal time, as we responsibly expand our global presence and drive sustainable innovation with our users always at the center.”
The firm emphasized its renewed commitment to building Web3 infrastructure and supporting “financial freedom,” positioning itself as a platform where “people can participate in a more open and fair financial system.”
Under the new dual-CEO structure, Richard Teng will likely continue focusing on legal, regulatory, and institutional matters. Yi He is expected to steer product innovation, retail operations, and user-facing business, areas she has overseen in various capacities since Binance’s inception in 2017.
The appointment of Yi He may bring renewed emphasis on product upgrades, user support, and new Web3 offerings. Yi He’s background, including heading Binance’s customer-facing strategy and venture/investment arm, positions her to accelerate product innovation and onboarding in underserved markets.
“We remain dedicated to being the most trusted and regulated exchange in the world, always putting our users first. Yi plays a critical role in growing our community and driving product innovation as we work to reach one billion users.
Together, we are focused on building the Web3 infrastructure and promoting financial freedom, empowering people to participate in a more open and fair financial system,” added Richard.
This division of labour comes as Binance navigates a complex regulatory landscape globally, while simultaneously scaling up operations to meet rising demand from retail users and institutional clients alike.
Reaching nearly 300 million users marks a significant milestone for one of the world’s largest digital asset exchanges. For context, this places Binance well ahead of many traditional fintech and Web2 platforms in user adoption.
The elevation of Yi He, a founding executive familiar with the platform’s grassroots origins signals that Binance is doubling down on growth, community building, and user retention.
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