Binance Holdings Announces Inaugural Board of Directors

Binance Holdings unveils its inaugural board of directors, bringing together a unique mix of in-house and external talents, including a tech entrepreneur and a special purpose acquisition company CEO.

This landmark development is part of Binance's commitment to strengthening regulatory compliance and governance structures, promising an exciting future for one of the world's leading cryptocurrency exchanges.

Composition of the New Board: A Mix of In-house and External Directors

Binance Holdings, the operator behind the leading cryptocurrency exchange BINANCE, has officially established its first-ever board of directors. This significant move has been disclosed through information posted on BINANCE's official website.

The newly formed board of directors consists of a blend of the company's executives and external directors, amounting to a total of seven members.

Distinguished Members of Binance's Board

The composition of BINANCE's board is as follows:

• Gabriel Abed serves as the Chairman of the Board. He is a technology entrepreneur with a notable background as the Ambassador of Barbados to the United Arab Emirates (UAE).
• Xin Wang, an independent external member, is a lawyer and the CEO of Bayview Acquisition Corp, a special purpose acquisition company listed on NASDAQ.
• Arnaud Ventura, another independent external member, holds the position of Managing Partner at Gojo & Company, an investment holding company based in Shibuya, Tokyo.
• Richard Teng, the current CEO of BINANCE, brings his experience as a former regulatory official to the board.
• Heina Chen, a co-founder and senior executive at BINANCE.
• Lilai Wang, one of BINANCE's founding members and a leading product expert within the company.
• Rock He, also a founding member of BINANCE, has led various business divisions within the company, including the fiat currency department.

A Strategic Move Following Regulatory Settlements

The establishment of this board comes after BINANCE announced in November last year that it had reached a settlement with U.S. regulators and that Changpeng Zhao (CZ) had stepped down as the CEO of BINANCE. Richard Teng, who has held positions such as the CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market, succeeded CZ as the new CEO.

Upon his appointment, Mr. Teng expressed his intention to leverage his experience to enhance regulatory compliance efforts within the company. The creation of this board is seen as a crucial step in Binance’s ongoing efforts to bolster its compliance initiatives.

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