richard

Richard Teng is the current CEO of Binance, having taken over after the founder CZ stepped down in November 2023.

But… Richard’s journey didn’t start with Binance!

He previously served as the Head of the Financial Services Regulatory Authority at Abu Dhabi Global Market.

He also held positions at the Monetary Authority of Singapore and Singapore Exchange.

Binance announced on Tuesday at Binance Blockchain Week that co-founder Yi He will become co-CEO alongside current CEO Richard Teng.
Yi He, born in 1988, co-founded Binance with Changpeng Zhao (CZ) and has long been regarded as the strategic and innovative force behind the exchange’s growth into the world’s largest crypto platform. Previously head of marketing and a low-profile executive focused on branding, strategy, and expansion, she has stayed out of the public eye while shaping the company’s vision, culture, and user-centric approach.
CEO Richard Teng praised Yi’s “innovative and user-focused approach” as instrumental to Binance’s bottom-up strategy, saying her co-leadership will complement his own regulatory experience as the company emerges from recent U.S. enforcement actions and CZ’s departure. The duo aims to reach one billion users, strengthen compliance, and build Web3 infrastructure while prioritizing trust and financial freedom.
Yi He stated she is “honored to build alongside Richard” and confident the pair’s diverse perspectives will responsibly guide the industry forward with users at the center.
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On July 22, 2025, Binance CEO Richard Teng was announced as a member of The Digital Chamber’s Advisory Board, joining industry heavyweights like Caitlin Long (Founder & CEO of Custodia Bank) and Sergey Nazarov (Co-Founder of Chainlink).

As the world’s largest blockchain and digital asset trade association, The Digital Chamber is at the forefront of promoting the adoption of digital assets and blockchain technology. This move underscores Binance’s pivotal role in advancing pro-innovation policies and fostering a responsible, inclusive digital economy.
Binance’s Commitment to Industry Leadership
Richard Teng’s appointment to The Digital Chamber’s Advisory Board highlights Binance’s dedication to shaping the future of the crypto industry. With three decades of experience in financial services and regulatory leadership, Teng brings unparalleled expertise to the table. His previous role as CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM) saw him position Abu Dhabi as a global leader in crypto regulation, making it one of the first jurisdictions to regulate digital assets.
The Digital Chamber emphasized the value of this expertise, stating:
“These individuals bring deep expertise across legal, regulatory, financial, and technological sectors, further strengthening the Chamber’s mission to promote the acceptance and use of digital assets and blockchain-based technologies.”
Through this partnership, Binance is working to ensure smart regulation that protects users while fostering sustainable innovation. Teng’s role will help guide the industry toward responsible growth, balancing investor interests with the need for forward-thinking policies.
Why Binance Leads the Way
As the largest digital asset exchange by trading volume and user base, Binance serves over 280 million users worldwide and holds a record 21 licenses and regulatory approvals—more than any other exchange. This trust and reliability make Binance a cornerstone of the crypto ecosystem, uniquely positioned to advocate for policies that drive industry progress.
Join the Future with Binance
Binance’s leadership extends beyond trading—it’s about building a sustainable and innovative future for digital assets. With Richard Teng on The Digital Chamber’s Advisory Board, Binance is helping shape a regulatory landscape that benefits users and fosters growth.
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