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Binance, the top global cryptocurrency exchange by trading volume, is moving to sell off its stakes in Streami, the operator of GOPAX, one of the top five cryptocurrency exchanges in Korea, according to market watchers, Wednesday.
Teng, 53, succeeded Zhao as the chief executive of the world’s largest crypto exchange after the company and Zhao pleaded guilty to US anti-money laundering and sanctions violations.
Most of the executives leaving the crypto exchange have said that their departure was routine and they share a good relationship with the crypto exchange and its CEO. However, the crypto community has become a bit more sceptical about exchanges post-FTX collapse.
Binance CEO Changpeng ‘CZ’ Zhao has stressed that Binance neither has liquidity issues nor an employee retention problem.
Binance has seen another senior executive depart the company, with Global Product Lead Mayur Kamat heading for the door after almost a year and a ...