Binance announced the official appointment of Yi He, the company's co-founder, as Co-Chief Executive Officer (Co-CEO) during the Binance Blockchain Week 2025 event held in Dubai, United Arab Emirates.
This executive restructuring means Binance now has two top leaders: Richard Teng and Yi He. The company stated that this appointment reflects the organization's natural evolution, with Yi He having played a crucial role in driving Binance's vision, culture, and strategy since its inception.
Richard Teng said Yi He has been a vital force behind the company's growth, and working together as Co-CEOs will strengthen Binance during a time of global shifts in the digital asset market structure. He emphasized that Binance remains committed to being a trusted platform that complies with regulations in every country it operates.
The two executives share the goal of expanding Binance's reach to one billion users worldwide while building a secure, transparent Web3 infrastructure that promotes financial freedom for people across various regions.
Currently, Binance has more than 299 million verified users in over 100 countries and expects to surpass 300 million by the end of this year. The company continues to develop its products, services, and security standards continuously.
Yi He's appointment as Co-CEO this year marks an important milestone for Binance as the cryptocurrency industry enters a period of stricter regulation and heightened technological competition, which could impact the company's business direction, market expansion, and the overall development of Web3 globally.
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