Breaking News: Now Binance has got its new Chief Executive Officer (CEO). This has been happened after Changpeng Zhao left the position of CEO of Binance. It has been reported that the new CEO of Binance is Richard Teng. We are sure that you do not know much about him so in this article we have brought some information about Richard. And also we have brought some information related to why Zhao stepped down from the position of CEO of the company. What happened to him and why did he make this decision? So to learn about all these details, read this article till the end and do not miss any line.
Changpeng Zhao Steps Down
The founder and the CEO of Binance, Changpeng Zhao has officially stepped down from the position of his role. He made this big decision some time ago and this is one of the biggest shocking news of the current time. According to his statement, he has taken this decision after he has pledged guilty of breaking the United States anti-money laundering laws. This is the part of the deal, where Zhao does not have permission, or he is not allowed to take the management position in the Binance company for a total of the next three upcoming years. Keep reading till the last.
Changpeng Zhao announced this news via tweet which he posted on his official Twitter (X) account. He announced that he is leaving the position of CEO of Binance and now Richard Teng who is the Binance global head of the regional markets, is the new Chief Executive Officer (CEO) of Binance from now. This news has come out as shocking. He clearly stated that he is pleased to announce that Richard Teng who is now the former Global head of Regional markets is now the new CEO of Binance. He is a highly qualified leader and also has an experience of three decades of the financial services and he also has regulatory experience. Continue reading.
Changpeng Zhao also wrote that from now Richard Teng is going to navigate the company from its next period onward for the growth of the company. He is also going to make sure that Binance delivers on the next phase of transparency, security, and growth. Richard Ten was first the long-time executive of Binance company but at the start of this year he was promoted as the Global Head of the regional markets and now he has been promoted to the CEO of Binance, this is a very great year for him.