Binance appoints co-founder Yi He as new co-CEO alongside Richard Teng
Binance appointed co-founder Yi He as co-CEO, joining Richard Teng, amid the exchange nearing 300 million users.Summary
Binance has promoted co-founder Yi He to the role of co-CEO, a significant leadership change announced by current co-CEO Richard Teng during Binance Blockchain Week in Dubai. Yi He, who previously served as Chief Customer Service Officer and has been with Binance since its 2017 launch, will now serve alongside Teng, who took over from former CEO Changpeng "CZ" Zhao following U.S. enforcement actions in November 2023. Teng praised Yi He's user-focused approach as integral to the company's strategy, while Yi He expressed confidence in their combined diverse perspectives to lead the industry forward. Co-founder CZ congratulated the appointment, stating Yi He "should have been the Binance CEO from day 1." The announcement comes as Binance is reportedly approaching 300 million users.
(Source：The Block)