Binance has announced that Co-founder Yi He will assume the role of Co-CEO, sharing leadership responsibilities as the platform approaches 300 million users. The announcement was made in the Leadership section of the Binance blog, emphasizing innovation, user protection, and regulatory compliance.
According to Binance, this new dual-leadership structure is part of a broader strategy to scale responsibly on a global level. The co-CEO model, which includes Yi He and Richard Teng, aims to bolster innovation while focusing on regulatory compliance and user protection. It also seeks to advance the development of Web3 infrastructure for a more equitable financial system.
The exchange has highlighted its compliance and investigations teams' efforts in protecting users across its ecosystem. A recent compliance update revealed that Binance helped safeguard over 7.5 million users from potential fraud losses estimated at $10 billion. Additionally, it has provided more than 400 specialized training sessions to law enforcement agencies worldwide, reinforcing its role in combating financial crime.
Binance has implemented robust Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols across its platform to align with global regulatory standards and enhance user protection. These measures include tiered customer due diligence, enhanced verification for higher-risk profiles, sanctions and Politically Exposed Persons (PEP) screening, and checks on the source of funds and wealth. Dedicated compliance leadership and real-time monitoring further support these initiatives.
The exchange's focus on compliant growth and market integrity has been recognized by independent industry observers. At the 8th Regulation Asia Awards for Excellence 2025 in Singapore, Binance was named Digital Assets Exchange of the Year. Organizers commended Binance’s commitment to transparency, regulatory collaboration, and innovation in building a safer digital-asset marketplace.