Yi He, the co-founder of the largest cryptocurrency exchange in the world Binance, was appointed a co-Chief Executive Officer, in addition to Richard Teng, thus indicating a tactical move to expand and concentrate its international presence.
“Yi has been an integral part of the executive leadership team since the launch of Binance,”
Co-CEO Teng said, who announced the news during his Binance Blockchain Week keynote speech.
The dual-leadership structure was declared on December 3, 2025, at Binance Blockchain Week and suggests that the firm is serious about maintaining the pace of its growth, on one hand, and strengthening regulatory compliance, on the other.
Old Man Leader of the Organizational Reins
Yi He is an executive of Binance who has been working in the company for over eight years, and initially, worked as a Chief Customer Service Officer.
It is strategic that she possesses deep knowledge of the working mechanisms of Binance together with the client constituency that will steer scalable growth.
The founder of the company, Changpeng Zhao, later deleted from the company due to legal complications, was celebrated as a crucial part of the leadership hierarchy by Richard Teng who was appointed CEO in 2023.
In his keynote, Teng said, saying that we all have the goal of responsibly expanding the global footprint of Binance, and we are building infrastructure in a way that future proofs this company.
Background and Challenges
Following the U.S. conviction of CZ, founder of Binance, in 2024 on money-laundering charges, Binance faced a penalty of $50 million in fine and a prison sentence, which is a major setback to the company.
The legal consequences of the CZ shook the crypto community, creating market confusion. Compliance, risk management and the reestablishment of institutional trust have been the priority of Binance since the same episode.
The recent presidential pardon given by former U.S. President Donald Trump to Zhao also made leadership relationships difficult, but no final ruling has been given on whether he will go back or not.
Industry Stats and Outlook
Recent studies show a greater dominance by Binance.
According to data released by TokenInsight, Binance took up 35.09% of the overall global trading in the Q3 of 2025. Previously, in the calendar year, Binance remained the largest centralized exchange (CEX), with its market share at 39.8% in July 2025.
Its spot trading volume climbed to $698.3 billion in July 2025, an increase of +61.4% from June. It recorded $432.6 billion in June 2025.
By December 1, 2025, according to CoinMarketCap, Binance is ranked first with a 24-hour spot volume, overtaking Coinbase.
Such numbers will show the continuing dominance of Binance in the market in the terms of post-recovery processes.
The responsibly organized global business strategy adopted by Binance is not an isolated fact, but a tendency observed in the industry in general, where the focus on growth aimed at regulation-friendliness is an essential quality of survival among investors and the probability of long-term existence.
Looking Ahead
Under Yi He and Richard Teng as leaders, Binance exudes a risk-averse but richly ambitious forward, a combination of operational and regulatory knowledge.
The sustenance of its balancing between compliance and growth efforts will be critical to determining that of Binance as the cryptocurrency market matures.
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