Binance Appoints New CEO, CZ Acknowledges Mistakes
Date: 2023-11-25 Author: Dima Zakharov Categories: IN WORLD
Binance's Leadership Transition
Binance, the world's largest cryptocurrency exchange by volume, announced a pivotal change in its leadership. Richard Teng steps into the role of CEO, succeeding Changpeng Zhao, commonly known as CZ.
Acknowledgment of Responsibility
In a humble tone, Teng expressed his gratitude for the support extended by CZ and the existing leadership. He emphasized taking on the responsibility to meet stakeholders' expectations and to continue the primary mission of financial freedom.
Strengthening Binance's Foundation
Teng reassured stakeholders that Binance stands on a more robust foundation than ever before. He outlined his focus areas for the company's growth and stability:
Ensuring Financial Stability
One of Teng's key priorities involves assuring users of the company's financial stability and security measures, ensuring their confidence in Binance's reliability.
Collaboration with Regulatory Bodies
Recognizing the importance of regulatory compliance, Teng aims to collaborate with global regulatory bodies. This collaboration seeks to maintain high standards while fostering innovation and protecting consumer interests.
Partnering for Web3 Development
Another focus area involves collaborating with partners to drive growth and implement Web3 technologies, aiming to stay at the forefront of technological advancements.
