Binance Names Yi He Co-CEO Amid Legal Battles and Global Growth
2.8 Regulation Binance names co-founder Yi He as co-CEO alongside Richard Teng, aiming to strengthen global expansion, regulatory compliance, and Web3 infrastructure amid legal challenges and rapid user growth.
Binance has appointed its co-founder Yi He as co-CEO, joining Richard Teng in a dual leadership structure as the company faces significant legal and regulatory challenges, including a $1 billion lawsuit alleging facilitation of terror financing. Yi He, who has played a central role in Binance’s growth since 2017, will focus on product development, marketing, and user-oriented initiatives, while Teng will handle legal and regulatory matters. The leadership change follows a major settlement with US authorities and is seen as a step forward for gender diversity in crypto leadership. The announcement was made during Binance Blockchain Week in Dubai, where the company also highlighted its rapid user growth, nearing 300 million registered users, and its commitment to regulatory compliance and global expansion, particularly in the Middle East and Asia. Binance is investing in infrastructure for Web3 and emphasizing transparency to rebuild trust. The dual-CEO structure aims to balance growth and governance, leveraging each leader’s strengths to guide the company through its next phase.
