The fundamentals of our business are VERY strong.
Binance continues to operate the world's largest crypto exchange by volume, our capital structure is debt-free, expenses are modest, and, despite the low fees we charge our users, we have robust revenues and profits.
Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.
Binance is no longer a baby. It is time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has.
I’m pleased to announce that @_RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.
Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth.
Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead.
As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions.
What’s next for me?
I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.
After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.
I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do.
On that note, I am proud to point out that in our resolutions with the U.S. agencies they:
- do not allege that Binance misappropriated any user funds, and
- do not allege that Binance engaged in any market manipulation.
Funds are SAFU!
With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion.
Onwards!
CZ
#BNBKING
A King appointed to bring PUMP and SECURITY.
All under this throne will never again suffer from RUGPULL, nor be oppressed by DISHONEST Dev
#BNB#BSC@cz_binance
🔥 AMA ANNOUNCEMENT 🔥
AMA with BNB KING 🔶
I Proudly to announce we will have AMA with BNB KING🔥😈 All you know I give full support with BNB KING and drop some bag ! Dev is pushing this hard many big things will come many big Chad's on board already and we will bring more ! let's support this moonshot gem target 1mill step by step to multi million MC ! HOLD AND THIS IS YOUR BEST ENTRY NOW 👌🐳 🚀
Venue 🔥 https://t.co/6OU7GHbCkV
⏲Time Date : November 10th Friday 2pm UTC 👌
Duration : 30mins - 1hour
Give Aways 📡
🔵0.1 BNB to 3 Random Listeners
🔵0.2 BNB to 2 best Question asked
Must Joined to our Guest to be eligible for our Give Aways 💠
https://t.co/4Md1LmHkoX
https://t.co/5lADiVwUop
CA : 0x061E64f1293bC49402A867CC6411987148bCdb1B
My Lounge : https://t.co/JK5AwlAwuT
____
Please remember that all AMAs are PAID PROMOTIONS, NOT FINANCIAL ADVICE! AMAs allow a more in-depth conversation between a project & our community. However, any decision to invest in the projects presenting is SOLEY AN INDIVIDUAL DECISION, ALWAYS REMEMBER DO YOUR OWN RESEARCH🤝
@BNBKINGBSC@BNBKingCoin #bnbking #bnb #binance #x1000gem #ama #bnbwhales #OggyInuLTD #sonicinu #jerryinu #ShibaInu #flokyinu #bsc #cz