Patcay.com – Richard Teng is the new boss of Binance replacing Changpeng Zhao who resigned on November 21, 2023. Binance is the largest cryptocurrency exchange in the world.
Teng is a seasoned business executive with more than 20 years of experience in the financial industry. He started his career at Goldman Sachs and later served as CEO of several financial companies in Asia. He joined Binance in 2020 and became CEO of Binance Asia Pacific in 2021.
Teng said that he is committed to leading Binance to become a more transparent and responsible company. He also said that he will focus on Binance’s growth in the Asian market.
Zhao said that he is proud of what Binance has achieved during his tenure. He said that Binance has changed the way people around the world invest and trade cryptocurrencies.
Zhao will remain the majority shareholder in Binance. He will also remain involved in the company as an advisor.
Zhao’s resignation is a significant event for Binance. Zhao is a highly influential figure in the cryptocurrency industry. He has helped popularize cryptocurrencies and made Binance one of the most successful companies in the world.
However, Zhao’s resignation is also an opportunity for Binance to start a new chapter. Teng is experienced and reputable. He is expected to lead Binance into a more successful and more responsible company.