The world’s biggest cryptocurrency exchange announced a significant leadership move on Wednesday, naming longtime executive and cofounder Yi He as a co-CEO to lead the company. Yi He will share the role at Binance with Richard Teng, who stepped into the top job in mid-2023 after its longtime leader Changpeng Zhao resigned amid a U.S. criminal investigation.
“I am honored to build alongside Richard, who brings decades of experience in regulated financial markets and was among the first to regulate crypto in its early days,” said Yi He in a statement.
