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Binance CEO outlines plan for crypto exchange after CZ steps down
27.11.2023
Richard Teng became CEO of crypto exchange Binance after Changpeng Zhao agreed to step down as part of a settlement with the U.S. Department of Justice announced on Nov. 21
Richard Teng Takes Charge as Binance CEO Following Changpeng Zhao’s Exit
23.11.2023
After Changpeng Zhao’s exit, Richard Teng has stepped in as the new chief executive officer of Binance, the globe’s largest crypto exchange in terms of trading volume. On Tuesday, Teng made his introduction to the public through social media platform X, assuring that under...
JPMorgan Says Binance’s Record $4.3B Settlement Removes ‘Systemic Risk,’ Calls It ‘Positive’
22.11.2023
JPMorgan calls Binance’s costly settlement with U.S. regulators a positive development for crypto. Image by HTGanzo, Adobe Stock. Crypto exchange Binance’s $4.3 billion settlement with U.S. authorities marks a positive development for the company and the broader cryptocurrency sector...
Degens Ride the Wave: Massive Surge in ‘CZ’ Token Amid Binance CEO’s Resignation
22.11.2023
Source: Adobe / MysteryShot Risk-loving crypto traders, often referred to as “degens,” are capitalizing on the recent announcement of Binance CEO Changpeng Zhao’s (CZ) resignation and guilty plea by scooping up a newly launched token called “CZ.” Despite...
New Binance CEO Says Exchange Has “Robust Revenues and Profits,” Hinting at Ability to Pay $4.3B Fines
22.11.2023
Image Source: Bloomberg New Binance CEO Richard Teng has hinted at the exchange’s ability to pay the $4.3 billion it has been fined by the US Justice Department. Teng, who was named CEO of Binance on Tuesday after Changpeng Zhao stepped down, said in a recent post on X (formerly Twitter)...
Binance Executive Rejects Comparisons With Collapsed FTX
11.9.2023
Richard Teng, the head of regional markets at Binance has stressed that the world’s largest cryptocurrency exchange has no operational similarity with collapsed FTX.
Speaking with Andrew Fenton, he addressed multiple issues facing the exchange ranging from regulatory issues, users, and...
Binance's Richard Teng denies FTX comparisons: 'We welcome the scrutiny'
11.9.2023
Binance regional markets head Richard Teng insists that despite regulatory scrutiny, the company has no parallels to collapsed exchange FTX
Binance's Regulatory Hurdles Open Path for Potential CZ Successor
5.6.2023
Binance's recent regulatory hurdles have opened up the path for a potential successor to Changpeng "CZ" Zhao, co-founder and current CEO of the platform.
Among the frontrunners for the position is Richard Teng, a civil servant-turned-crypto executive who was recently appointed as head of...