Crypto Giant Binance Appoints Co-Founder Yi He as Co-CEO

He YiPhotographer: Natalie Naccache/Bloomberg

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By Suvashree Ghosh

December 3, 2025 at 6:33 AM UTC

Updated on

December 3, 2025 at 4:35 PM UTC

Binance Holdings Ltd. named co-founder Yi He as co-chief executive officer in the biggest change to its top leadership since Changpeng Zhao stepped down from running the crypto exchange two years ago.

She will share the title with Richard Teng, who succeeded Zhao as CEO of the world’s largest crypto trading venue in November 2023. Yi He and Zhao, who resigned after pleading guilty to anti-money laundering and sanctions violations, have children together.