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Binance CEO Changpeng Zhao, CZ, Steps Down from Binance US Board as Chairman

source-logo  coinpedia.org 28 November 2023 13:28, UTC
Story Highlights
  • Binance.US operates independently of Binance.com and is not involved in settlements or enforcement matters with regulatory bodies.

  • CZ has stepped down from his role as Chairman of the Board of Directors and transferred his voting rights through a proxy arrangement.

  • Binance.US remains committed to serving U.S. customers with superior crypto trading experience under the leadership of Norman Reed and its experienced management team.

In a significant development, CZ has decided to step down from his role as Chairman of the Binance.US Board of Directors and transfer his voting rights through a proxy arrangement. This effectively severs his involvement in Binance.US’s governance, leaving him with an exclusively economic interest in the company.

Gratitude to CZ

Binance.US extends its appreciation to CZ for his invaluable guidance and counsel over the years. With his support, Binance.US has established itself as a leading destination for US crypto traders seeking a superior experience.

Binance. US Aims to Forward with Renewed Clarity

Despite recent controversies and step down of CZ, Binance.US remains focused on its mission to modernize and democratize the financial system. Under the leadership of Norman Reed and its experienced management team, Binance.US is well-capitalized and poised for continued growth and innovation.

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