Binance has named co-founder Yi He as co-CEO alongside Richard Teng, marking a shift to joint leadership as the exchange enters its next phase of global growth.

The appointment was announced in a company blog post and follows Teng’s comments at Binance Blockchain Week, where he described the move as a natural progression given Yi’s influence since the firm’s launch.

Teng said Yi has been central to Binance’s strategy, product development and community expansion.

He added that her new role strengthens the leadership team as the company scales and works through regulatory requirements across markets.

Yi said she looks forward to partnering more closely with Teng, noting the value of their different experiences.

Teng comes from decades in regulated financial markets, while Yi has helped shape Binance’s culture and user-focused approach.

Binance said the co-CEO structure supports its goal of responsible global expansion, stronger compliance and continued work in Web3.0 development.

The company added that both leaders will guide long-term strategy with an emphasis on user trust and product innovation.

Teng said in a LinkedIn post,

“As we move forward, Yi and I are fully aligned in our mission to strengthen Binance as a trusted and responsible global platform. Our focus remains clear: deepen our regulatory foundations, advance innovation, and ensure that users remain at the center of everything we do.

Together, we will continue building a more resilient, transparent, and long-term ecosystem for digital assets, an ecosystem that empowers people everywhere to participate in the future of finance.”

Featured image: Edited by Fintech News Singapore, based on image by Frolopiaton Palm via Freepik