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Who is Binance CEO Richard Teng?

Richard Teng took over as CEO of Binance, the largest cryptocurrency exchange by trade volume, after Changpeng “CZ” Zhao, the founder of Binance, stepped down after pleading guilty to the charges of violating Anti-Money Laundering (AML), rules, and other compliance requirements as a part of $4.3 billion settlement with the United States government.

Who is the new CEO of Binance?

In November 2023, Richard stepped up to succeed Changpeng Zhao, taking on the mantle of the CEO of Binance. Prior to joining Binance, Richard served as CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), where he was recognized as one of the world's most innovative regulators.

How much is Binance worth?

Binance has $67 billion worth of exchange assets, according to DefiLlama. BNB, the native token of Binance, dropped about 3% to $231 as of 12:17 p.m. in New York on Wednesday, extending a near 6% slump from Tuesday.

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