• Reports signal the succession of Richard Teng as the Binance CEO if Changpeng Zhao resigns.
• The news followed the US regulators’ increasing scrutiny over the crypto exchange.
• Teng’s work profile makes him suitable for the position, as reported by the people familiar with the matter.

A recent report signaled the possibility of a new Binance CEO succeeding Changpeng Zhao, amid the US regulators’ increasing scrutiny over the crypto exchange. The people familiar with the matter hinted that Richard Teng, the recently appointed Head of Binance’s regional markets outside the US would take up the position if Zhao resigns.

Over the past few months, Binance and its CEO have been facing stringent restrictions from US regulators. In March 2023, the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against the company alleging that both Binance and CZ deliberately offered unregistered crypto derivatives including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Tether (USDT) and Binance USD (BUSD) violating the rules of the authority.

The previous week, Zhao appointed Heng to lead Binance’s regional markets across the world, except in the United State…

The post Binance’s Regional Market Head Rumored To Be CZ’s Successor appeared first on Coin Edition.

• Reports signal the succession of Richard Teng as the Binance CEO if Changpeng Zhao resigns.
• The news followed the US regulators’ increasing scrutiny over the crypto exchange.
• Teng’s work profile makes him suitable for the position, as reported by the people familiar with the matter.

A recent report signaled the possibility of a new Binance CEO succeeding Changpeng Zhao, amid the US regulators’ increasing scrutiny over the crypto exchange. The people familiar with the matter hinted that Richard Teng, the recently appointed Head of Binance’s regional markets outside the US would take up the position if Zhao resigns.

Over the past few months, Binance and its CEO have been facing stringent restrictions from US regulators. In March 2023, the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against the company alleging that both Binance and CZ deliberately offered unregistered crypto derivatives including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Tether (USDT) and Binance USD (BUSD) violating the rules of the authority.

The previous week, Zhao appointed Heng to lead Binance’s regional markets across the world, except in the United State…

The post Binance’s Regional Market Head Rumored To Be CZ’s Successor appeared first on Coin Edition.