Binance Names Co-Founder Yi He as Co-CEO of Crypto Exchange
By Fabiana Negrin Ochoa
Binance, the world's largest crypto exchange, has named co-founder Yi He as its co-chief executive.
Yi, who led the strategy to develop Binance from a crypto-to-crypto trading platform into a global blockchain ecosystem, will take the helm of the company alongside CEO Richard Teng.
"This appointment is a natural progression and she will continue to guide the organization from strength to strength," Teng said in a statement Wednesday.
In a post on social-media platform X, Binance said Yi will guide the company through its next phase of development as it aims to reach 1 billion users. It has close to 300 million users currently, according to the company.
Yi co-founded Binance with Changpeng Zhao, who launched the company in 2017.
Zhao stepped down in 2023 when Binance pleaded guilty to violating U.S. anti-money-laundering requirements. He served four months in prison after pleading guilty to a related charge.
The Wall Street Journal reported in October that President Trump had pardoned Zhao, a move that could clear the path for the crypto exchange to return to the U.S.
Binance, the biggest digital asset exchange by trading volume and users, handles $65 billion in average daily volumes.
Write to Fabiana Negrin Ochoa at fabiana.negrinochoa@wsj.com
(END) Dow Jones Newswires
December 03, 2025 03:38 ET (08:38 GMT)
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