Binance Names New Co-CEO as Richard Teng Expands Responsibilities

Global crypto exchange Binance, the largest in the world by volume, announced on December 3rd that Yi He, the exchange’s co-founder, will become the new Co-CEO. Yi He will step into the role immediately, just in time for Binance’s announcement of soon reaching 300 million global users, as it sets a target of 1 billion users in the next few years.

The founder to be joining Binance’s current CEO Richard Teng in the executive position is said to further the company’s ability to provide innovative products and services as well as “global expansion responsibly”. Yi He was one of Binance’s founding members back in 2017 and the company seems to be pinning high hopes on her leadership with this latest announcement.

A Legacy of Innovation and User-Centric Leadership

Yi He, New Co-CEO, has been involved with Binance since its first day and has helped the company grow from a crypto-to-crypto exchange to a global blockchain ecosystem. Yi has championed a user-first mentality, helping Binance to drive community growth and product excellence. As the new Co-CEO, Yi will continue to lead the company’s mission to be a trustworthy, regulated platform that empowers users around the world.

Announced by Richard Teng during his keynote speech at Binance Blockchain Week, Yi’s appointment is seen as a natural evolution for the company. “Yi has been integral to our leadership team from the start, and we are confident she will continue to guide Binance to even greater heights,” Teng said.

Driving the Next Phase of Global Growth With the New Co-CEO

Yi’s expertise will be vital to Binance’s future as it is aiming to scale up its operations to one billion users and global Web3 infrastructure. Yi and Richard Teng are set on working to create a sustainable financial ecosystem that prioritizes financial freedom, innovation and robust regulatory compliance.

“I am honored to build alongside Richard, who brings decades of experience in regulated financial markets.” She emphasized their complementary perspectives and shared vision. “Together, we bring diverse perspectives and are confident in leading the future of the industry during this pivotal time, as we responsibly expand our global presence and drive sustainable innovation with our users always at the center,” she added.

Binance’s Roadmap for the Future

Binance already has almost 300 million users, and is on its way to building the future of finance for 1 billion users. Under the leadership of Yi He, and with the technical acumen of Richard Teng, Binance will stay focused on its founding principles of empowering its users, through transparency, trust and constant innovation. As Binance embarks on this new chapter, its mission continues to be building an open, fair and decentralized financial system for the people.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.