Binance appointed co‑founder Yi He as co‑CEO
Binance announced the appointment of Yi He as co-CEO alongside Richard Teng. She will be responsible for strategy, engagement with regulators and platform development; the appointment followed the pardon of the previous CEO.
By Tetiana Suchkova-Ladik
December 3, 2025 · 1 min read
Binance announced the appointment of one of its co‑founders, Yi He, as co‑CEO. She will share leadership with current head Richard Teng.
New Binance Leadership
This is a natural step in the company’s development that will drive the organization toward new successes
– Richard Teng
As co‑CEOs, Yi He and Richard Teng will be responsible for the platform’s strategic development, strengthening international regulatory policy, and working on a more transparent and resilient digital assets infrastructure.
Yi He has long worked on expanding the BNB Chain ecosystem and overseeing the institutional arm of the business. She is also credited with involvement in the company’s major acquisitions, including CoinMarketCap.
Legal history and consequences
The appointment came shortly after U.S. President Donald Trump pardoned former Binance CEO Changpeng Zhao. Zhao pleaded guilty to violations of anti‑money laundering rules, received a four‑month sentence, and agreed to a settlement with the U.S. government for $4.3 billion.
According to her social media profile, prior to the promotion Yi He was director of customer engagement. She and Zhao founded the exchange in 2017 and have children together.
