Richard

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<ul> 
 <li>Binance CEO Changpeng Zhao steps down, names Richard Teng as successor.</li> 
 <li>CZ cites past mistakes and expresses confidence in Richard Teng.</li> 
 <li>Richard Teng outlines focus on security, transparency, and global growth.</li> 
</ul> 
<p>In a surprising move today, Changpeng ‘CZ’ Zhao announced his resignation as CEO of <a href="https://www.binance.com/en" target="_blank" rel="noreferrer noopener nofollow">Binance</a>, citing the need to take responsibility for past mistakes. CZ expressed emotional difficulty but believes stepping down is in the best interest of the community and the platform.</p> 
<p>He <a href="https://cryptonewsland.com/cz-to-pass-binance-torch-to-richard-teng-amid-regulatory-woes/" target="_blank" rel="noreferrer noopener">hands the reins to Richard Teng</a>, former Global Head of Regional Markets, who brings over three decades of financial services and regulatory expertise.</p> 
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   <p lang="en" dir="ltr">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.<br><br>Binance is no longer a baby. It is…</p>— CZ 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f536.png" alt="🔶" class="wp-smiley" style="height: 1em; max-height: 1em;"> Binance (@cz_binance) <a href="https://twitter.com/cz_binance/status/1727063503125766367?ref_src=twsrc%5Etfw">November 21, 2023</a>
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<p>Richard Teng’s impressive background includes roles as CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market and Chief Regulatory Officer of the <a href="https://www.sgx.com/" target="_blank" rel="noreferrer noopener nofollow">Singapore Exchange</a>. CZ expressed confidence in Teng’s ability to lead Binance through its next phase, focusing on security, transparency, compliance, and growth.</p> 
<p>As CZ takes a well-deserved break, he outlines plans for passive investing in blockchain, Web3, DeFi, AI, and biotech startups. While ruling out a return to a CEO role, he may consider mentoring emerging entrepreneurs privately. CZ emphasized Binance’s resolutions with U.S. agencies, asserting no allegations of misappropriation or market manipulation and ensuring users’ funds’ safety.</p> 
<p>In his new role, Richard Teng acknowledged the responsibility of leading the world’s largest crypto exchange. His focus includes reassuring users of Binance’s financial strength and security, collaborating with regulators globally, and <a href="https://cryptonewsland.com/binances-4b-settlement-could-fuel-bullish-signal-for-bitcoin-and-xrp/" target="_blank" rel="noreferrer noopener">driving Web3 growth</a> with partners. Teng expressed commitment to the platform’s mission, assuring stakeholders of a strong and innovative future.</p> 
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   <p lang="en" dir="ltr">It is an honour and with the deepest humility that I step into the role of Binance’s new CEO.<br><br>We operate the world's largest cryptocurrency exchange by volume. The trust placed on us by our 150m users and thousands of employees is a responsibility that I take seriously and hold…</p>— Richard Teng (@_RichardTeng) <a href="https://twitter.com/_RichardTeng/status/1727066202047164562?ref_src=twsrc%5Etfw">November 21, 2023</a>
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<p>From responses to both tweets, we see how the crypto community comes together to bid farewell to CZ’s era and welcome Richard Teng’s leadership. Together, the community anticipates continued growth and success for Binance in the evolving crypto landscape.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
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 <li><a href="https://cryptonewsland.com/cz-to-pass-binance-torch-to-richard-teng-amid-regulatory-woes/">CZ to Pass Binance Torch to Richard Teng Amid Regulatory Woes</a></li>
 <li><a href="https://cryptonewsland.com/binance-positions-teng-for-leadership-in-global-crypto-market/">Binance Positions Teng for Leadership in Global Crypto Market</a></li>
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 <li><a href="https://cryptonewsland.com/richard-heart-to-sec-amid-lawsuit-i-saved-more-people-in-crypto-than-you-did/">Richard Heart to SEC Amid Lawsuit: I Saved More People in Crypto Than You Did</a></li>
 <li><a href="https://cryptonewsland.com/binance-cz-says-that-nft-and-crypto-bring-people-closer-to-each-other/">Binance CZ Says That NFT and Crypto Bring People Closer to Each Other</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/changpeng-cz-zhao-steps-down-as-binance-ceo-names-richard-teng-as-successor/">Changpeng ‘CZ’ Zhao Steps Down as Binance CEO, Names Richard Teng as Successor</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Changpeng ‘CZ’ Zhao Steps Down as Binance CEO, Names Richard Teng as Successor

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