Yi He becomes co-CEO of Binance as company focuses on innovation and expansion
Binance's leadership shakeup spotlights a dual approach to compliance and innovation in the global digital assets market.
Key Takeaways
- Yi He, Binance co-founder, is now co-CEO alongside Richard Teng, signaling a transition in leadership.
- The co-CEO structure aims to merge He's strengths in innovation and marketing with Teng's regulatory and operational expertise.
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Binance, the major crypto exchange, has appointed co-founder Yi He as co-CEO alongside Richard Teng to lead the company’s global expansion and user-focused innovation.
Yi He, a Chinese business executive who has driven marketing and strategic initiatives at Binance, will now co-lead the platform with Teng to advance sustainable innovation and expand its global presence.
The appointment establishes a co-CEO structure that combines He’s innovative strategies with Teng’s expertise from regulated financial markets. Teng brings experience overseeing operations and regulatory compliance to his role leading the exchange.
He co-founded Binance with former leader Changpeng Zhao, known as CZ, who departed the company. The leadership transition positions He as a key figure in driving crypto adoption and financial inclusion globally.
