Binance, the world’s largest cryptocurrency exchange, recently underwent a major leadership shake-up with the appointment of Yi He as co-CEO alongside Richard Teng. Yi He, described as “crypto’s most powerful woman,” helped start Binance with her partner Changpeng Zhao in 2017 and holds a 10% stake in the company.

Yi He’s rise to power at Binance is a remarkable story, as she started from humble beginnings as a poor village girl in China’s Sichuan province. Despite her challenging past, she has built a strong reputation in the cryptocurrency community and is known for her user-centric focus.

The appointment of Yi He as co-CEO comes as Binance aims to enter a new growth phase and mend fences after facing regulatory challenges. While Teng was brought in to address compliance issues, Yi He represents the old Binance ethos of moving fast and pushing boundaries.

Yi He’s leadership at Binance is expected to bring a fresh perspective and drive growth for the company. As a key figure in the cryptocurrency world, her appointment signals a new chapter for the exchange and highlights the increasing influence of women in the industry.

Read more at Yahoo Finance: The Most Powerful Woman In Crypto? Who is Yi He, Binance’s New Co-CEO?