Binance Names Richard Teng As New CEO

Binance has appointed Richard Teng as CEO to guide the exchange through a phase of regulatory compliance

This move coincides with a significant settlement with the U.S. government, marking a pivotal moment for the world's largest crypto exchange

The former CEO, CZ, announced Teng's promotion while emphasizing the need for a strategic shift

With over 30 years of financial and regulatory expertise, Teng aims to restore transparency and navigate smoothly in this ever-evolving crypto industry

Richard Teng has outlined three key targets as Binance's new CEO: collaborating with global regulators, fostering innovation with consumer protection, and forming partnerships to drive Web3 technologies.