Binance Appoints Yi He as Co-CEO, Signaling Shift in Regulatory Focus

Binance has named Yi He as co-chief executive alongside Richard Teng. This appointment comes amidst regulatory pressures following the departure of CEO Changpeng Zhao. Yi He will lead retail operations, while Richard Teng’s expertise in legal matters will focus on compliance. The leadership change prioritizes a balance between regulatory compliance and operational expansion, potentially shaping Binance’s market position without immediate impact on cryptocurrency prices or trading volume.