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Binance Names Co-Founder Yi He as Co-CEO

Binance appoints co-founder Yi He, who's also CZ's partner, as co-CEO in the exchange’s biggest leadership shift since 2023.
Binance Names Co-Founder Yi He as Co-CEO
David Christopher David Christopher
Dec 3, 2025 • 1 min read
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Binance Binance has named co-founder Yi He as co-CEO alongside Richard Teng, marking the exchange's first leadership shift since Teng replaced Changpeng Zhao in late 2023, leading the exchange solo since.

What's the scoop?

  • CZ Reaction: Former CEO Changpeng Zhao posted on X that Yi He "should have been the Binance CEO from day 1" and welcomed the dual-leadership structure.
  • Personal Ties: Yi He and Zhao are long-time business and life partners with children together, having previously worked at OKCoin.
  • User Growth Milestone: The exchange is approaching 300M users.

Bankless Take:

I am embarrassed to say I did not know that Yi He was CZ’s partner. Take this with the fact that CZ’s Twitter bio reads “@binance,” rather than “ex-@binance,” and it's hard to not see the whole family returning to the exchange soon. If this happens, it's hard to see what role Teng would have to play.


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David Christopher

Written by David Christopher

515 Articles • View all      

David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.

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