Binance Appoints Co-CEO: What Does This Mean for the Crypto Giant?

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Binance just made a bold move, appointing Yi He as co-CEO alongside Richard Teng, all in the name of global growth. Fancy, right?

Oh yes, it’s happening. Binance has reshuffled its leadership like it’s changing outfits for a new season. Now, Yi He is officially the co-CEO, alongside Richard Teng, as they charge forward into the world of regulated markets. It’s all about making sure everything’s neat and tidy at the top. Plus, it couldn’t come at a more thrilling time-crypto is buzzing with activity across all kinds of assets!

Yi He Is Now Co-CEO-A Major Move for Binance

Binance, in a move that can only be described as “bold,” has decided that Yi He, one of the co-founders, will now share the CEO spotlight with Richard Teng. The announcement came during Binance Blockchain Week. Richard, with all the enthusiasm of a person who just discovered a new hobby, shared that Yi’s role has been pivotal since Binance was born in 2017.

Yi He isn’t new to this. She’s the brain behind things like product strategy, community growth, and general Binance world domination. Basically, she’s been shaping the place since day one. Richard couldn’t help but gush, explaining that this co-CEO combo is like blending a fine wine with a perfectly aged cheese. Two unique perspectives in one leadership cocktail!

🚨BREAKING: Binance has appointed its co-founder Yi He as co-CEO alongside Richard Teng.

– Coin Bureau (@coinbureau)

And don’t forget-Yi isn’t just the fresh face. She co-founded OKCoin (now OKX) three years before Binance even existed. This lady knows crypto better than I know the back of my hand. She helped drive Binance’s branding and marketing efforts and, since 2022, has been guiding Binance Labs, their venture arm. Yes, she’s that important.

Some juicy details here: reports from 2023 suggest Yi He owns at least 10% of a Cayman holding company connected to Binance. Oh, and did I mention she helped Binance raise a ridiculous amount of money early on? Let’s just say it wasn’t chump change.

Richard Teng’s Glorious Journey to the Top

Now, let’s talk about Richard Teng. He took the reins as CEO in late 2023, shortly after Changpeng Zhao (aka CZ) stepped down. You know, just a casual power transition at one of the biggest crypto companies in the world. No biggie.

Before the CEO role, Richard was already handling Binance’s markets outside the U.S. Like, he’s basically been all over the world, in the most important places, making sure Binance stayed on track. His résumé? Oh, it’s stacked. He’s done time at PricewaterhouseCoopers and the Monetary Authority of Singapore. Talk about experience.

In his first year, Richard got Binance to cozy up with regulated entities and institutional clients like never before. The exchange even launched a concierge service, all to help those fancy family offices and asset managers who don’t understand crypto. Binance’s new mantra seems to be “Make it easier for the big boys.”

And guess what? Binance started accepting BlackRock’s USD Institutional Digital Liquidity Fund as collateral. Fancy financial institutions? Oh yeah, they’re loving this new move.

Oh, and just when you thought things couldn’t get any more exciting, Binance dropped a crypto-as-a-service product for banks. Now, financial institutions can offer crypto trading while still keeping control of the funds. Because, you know, control is everything.

On top of that, Binance partnered with Spain’s BBVA-one of the country’s largest banks-to act as an independent custodian for customer funds. 💸 No need to thank them, they’re just changing the game.

Related Reading: Binance, CZ Hire Ex-Trump SEC Pick Amid Legal Battles

Leadership Shake-Up: What’s It Mean for Binance?

So, what does this all mean for Binance? Well, if you’re hoping for a thrilling ride through regulated markets, this new leadership shake-up is definitely going to help. With Richard’s experience in handling regulatory matters and Yi’s deep crypto roots, they’re ready to face the fast-changing rules that come with the territory.

Yi He brings a long-standing connection to the crypto world and a ton of expertise in product development. Together, they aim to make Binance an even bigger force in regions where the rules change faster than your last Tinder match.

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2025-12-03 18:13