# Binance Names Co-Founder Yi He as Co-CEO

*Author: David Christopher*
*Published: Dec 3, 2025*
*Source: https://www.bankless.com/read/news/binance-names-co-founder-yi-he-as-co-ceo*

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Binance has named c[o-founder Yi He as co-CEO](https://www.theblock.co/post/381196/binance-appoints-co-founder-yi-he-as-co-ceo-alongside-richard-teng) 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](https://x.com/cz_binance) 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.

> Leadership Update: We are delighted to welcome Binance co-founder [@heyibinance](https://twitter.com/heyibinance?ref_src=twsrc%5Etfw) into her new role as Co-CEO.Yi has always played an important role, shaping our culture, driving innovation, and championing a user-first approach across our entire ecosystem. Her leadership has… [pic.twitter.com/CqsuTkb0gc](https://t.co/CqsuTkb0gc)— Binance (@binance) [December 3, 2025](https://twitter.com/binance/status/1996101031508488248?ref_src=twsrc%5Etfw)