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Cryptocurrency exchange Binance announced that regional markets head Richard Teng will replace Changpeng Zhao (CZ) as CEO.
It is an honor and with the deepest humility that I step into the role of Binance's new CEO.
We operate the world's largest cryptocurrency exchange by volume. The trust placed on us by our 150m users and thousands of employees is a responsibility that I take seriously and hold…
— Richard Teng (@_RichardTeng) November 21, 2023
“With the support of CZ and our leadership, I have accepted this role so that we can continue to meet and exceed stakeholder expectations while achieving our core mission of money freedom overnight,” the executive wrote.
He emphasized that “the foundation on which Binance stands today is stronger than ever.”
Teng also indicated what he would focus on in his work:
assuring users that they can remain confident in the financial strength, security and safety of the company; working with regulators to globally maintain high standards that promote innovation while protecting consumers; working with partners to drive growth and adoption of Web3.