Binance Holdings, the world's largest cryptocurrency exchange, named a new co-CEO Wednesday in a major shake-up of its leadership structure. Yi He, who co-founded Binance with former head Changpeng Zhao in 2017 and has children with the crypto mogul, will now split duties with acting CEO Richard Teng, who announced the news this week. The move represents the firm's most significant leadership change since Teng succeeded Zhao, who pleaded guilty to violating U.S. money-laundering laws in 2023.