In a recent development in the crypto universe, Binance, the renowned crypto exchange platform, announced the appointment of Yi He, co-founder, as its new co-CEO. This decision is significant, marking an evolutionary step in the company’s leadership structure since Richard Teng assumed the mantle in November 2023, following enforcement actions in the U.S.
Richard Teng and his continued Role as co-CEO
Richard Teng will continue in his role, serving alongside Yi He. The announcement was made during the Binance Blockchain Week held in Dubai. The event was abuzz with the news of Binance closing in on a user base of 300 million, indicating the platform’s growth and potential in the industry.
Yi He and Her Involvement with Binance
Before her appointment as co-CEO, Yi He occupied the post of Chief Customer Service Officer at Binance, boasting a tenure of more than eight years with the company since its inception in 2017. Her skills and contributions have played a pivotal role in the phenomenal growth of Binance.
Richard Teng on Yi He’s Appointment
Teng, in his statement, praised Yi He for her innovative and user-focused approach, stressing that it has contributed extensively to shaping the company’s vision, culture, and business strategy. He went on to mention that this appointment is an integral step for the company’s progression and Yi He will continue to direct the firm from strength to strength.
Yi He on her Appointment
Yi He expressed her honor at the opportunity to work alongside Richard Teng, recognizing Teng’s decades of experience in regulated financial markets and his contributions to regulating crypto in its early days. Both leaders are poised to bring a rich blend of diverse perspectives to steer the industry’s future in the right direction.
Zhao’s Congratulatory Message and his Relation with Yi He
Changpeng Zhao, Binance co-founder, took this opportunity to extend his congratulatory message to Yi He, noting that she should have taken on the role of CEO from day one. Zhao and Yi He share a professional history dating back to their collaborative work at OKCoin, and they share personal ties both being business and life partners with children together.
Speculations on Zhao’s Return
In October 2023, rumors emerged about a potential return of Zhao to a leadership role at Binance, fueled by reports that former CEO Zhao might get a pardon from President Trump. However, no confirmation has been received on this matter.
Disclaimer
This news article provided herein is purely for informational purposes and does not offer any legal, tax, financial, or investment advice. We strive to deliver factual, timely, and impactful information on the crypto industry without any form of bias or conflict-of-interest.
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