Binance today announced the appointment of co-founder Yi He as its co-CEO.

Binance co-CEO Richard Teng, who announced the news during his Binance Blockchain Week keynote speech, said, “Yi has been an integral part of the executive leadership team since the launch of Binance.” He described her appointment as a natural progression and expressed confidence that Yi “will continue to guide the organization from strength to strength.”

Richard Teng emphasized Binance’s commitment to Web3 development and regulatory standards. He added that Binance remains “dedicated to being the most trusted and regulated exchange in the world,” with an unyielding focus on putting users first.

Richard Teng further mentioned that Yi plays a critical role in growing the Binance community and driving product innovation, reinforcing her importance in Binance’s ongoing evolution.

Yi He commented:

“I am honored to build alongside Richard, who brings decades of experience in regulated financial markets. Together, we bring diverse perspectives and are confident in leading the future of the industry during this pivotal time, as we responsibly expand our global presence and drive sustainable innovation with our users always at the center.”