Binance.US Announces CZ’s Departure from Board of Directors
Binance is making headlines as CZ, the CEO, steps down and the company faces a $4 billion settlement. Binance US recently announced on Twitter that CZ has decided to step down from his role as Chairman of the Binance.US Board of Directors. Through a proxy arrangement, he has transferred his voting rights, effectively severing his involvement in Binance.US’s governance. However, he will retain an exclusively economic interest in the company.
Expressing Gratitude to CZ
Binance.US expresses its gratitude to CZ for his invaluable guidance and counsel over the years. With his support, Binance.US has become a leading destination for US crypto traders, offering a superior trading experience.
“We are exceptionally grateful to CZ for his guidance and counsel over the years. With his support, we have established Binance US as a destination of choice for U.S. customers seeking a superior crypto trading experience.”
Binance US
Binance.US Moves Forward with Renewed Clarity
Norman Reed and the experienced management team will continue to lead Binance.US. The company is well-capitalized and committed to building and growing its platform while prioritizing customer satisfaction. The team remains enthusiastic about the business’s potential and its mission to modernize and democratize the financial system.
Hot Take: CZ Steps Down from Binance.US Board of Directors
In a significant development, CZ has decided to step down from his role as Chairman of the Binance.US Board of Directors. This move severs his involvement in the company’s governance, but he will still retain an economic interest in Binance.US. Binance.US expresses gratitude to CZ for his guidance and support, which has helped establish the platform as a leading destination for US crypto traders. Moving forward, Binance.US will be led by Norman Reed and its experienced management team, who are committed to building and growing the platform while prioritizing customer satisfaction.
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