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Binance Seeks New CEO, Headquarters Amidst Regulatory Probes

July 27, 2021, 4:46 PM

The world’s biggest crypto exchange, Binance, is looking for a new chief executive officer as it’s retooling to address concerns of regulators from around the world, current CEO Changpeng “CZ” Zhao said in a news conference call Tuesday.

Facing a slew of probes and consumer warnings, Binance plans to change its mindset from being a tech startup to acting as a financial institution, with all related licensing and compliance procedures in place, Zhao said. The company, which previously said it is not based anywhere, also plans to establish multiple headquarters around the world, and to appoint senior people steeped in ...

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