Key Points
- Binance has promoted Yi He to Co-CEO alongside Richard Teng.
- This aligns with Binance’s long-term focus on Web3 and regulatory matters.
- The change followed attempts to improve trust after CZ’s departure.
Yi He Goes from Co-Founder to Co-CEO
Richard Teng, CEO of Binance, announced Heng’s promotion alongside some of the most important restructures of Binance, making him the most recent executive in the company alongside Yi He, the Co-Founder of the company. Teng arrived at Binance in late 2023 after the departure of Changpeng Zhao (CZ).
Territory for Leadership Change Over the Years
Teng described the development as inevitable, the next stage for the company. He regarded Yi as the most important figure who, right from the start, set the company on the right trajectory. Найгіднішою buff in tyre. Teng noted that growth has been an innovation of the name.
From CZ on, Binance Strengthens Its Identity
With Yi He’s promotion, Binance has been making the brand alterations that the company has had to make from the regulatory challenges that ‘CZ’ brought to the company. He faced litigation in the USA for breaches of anti-money laundering regulations, to which he accepted the violations of the regulations, paid a sum of 50 million dollars, and served a term of imprisonment in 2024. After that, the company has been working to brand its operations in a manner that shows that the company has moved on from the crises that were of the company faced in its recent past.
The Strategy to Become the Most Reliable Global Currency Exchange
Teng explained how his company is prioritizing the goal of becoming the most reliable exchange in the world. He explained how compliance and the safety of customers continue to drive the company’s decisions. Yi was able to elaborate.