Binance Co-Founder Yi He Becomes Co-CEO After Trump’s Changpeng Zhao Pardon Clears Way For Expansion
Binance on Wednesday named co-founder Yi He as co-chief executive officer after the exchange moved to stabilize leadership following Changpeng Zhao’s departure.
Leadership Shift Marks A New Phase For Binance
According to Bloomberg, Yi He will share the top role with Richard Teng, who has served as CEO since November 2023.
Her appointment represents the company’s most significant leadership change since Zhao resigned after pleading guilty to anti-money laundering and sanctions violations.
Zhao was pardoned by U.S. President Donald Trump in October, removing a major source of regulatory uncertainty that had weighed on Binance’s global operations.
Analysts told Bloomberg that the pardon may allow Binance to scale its U.S. presence again.
Yi He Steps Forward After Years Behind The Scenes
Yi He has long held influence inside Binance despite maintaining a …
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