Learn all about Richard Teng, the new CEO of Binance, the guide to learn about his career and his ambitious visions for the famous cryptocurrency exchange platform
Binance, one of the world’s largest cryptocurrency trading platforms, has announced its new CEO, Richard Teng. If you’re an avid trader or a loyal Binance user, you might have wondered who exactly Teng is and what we know about it so far. This article will provide you with all the information you are looking for about Richard Teng and his professional background, to help you understand what to expect from him as the new
Binance leader.
Richard Teng, the current CEO of the world’s largest cryptocurrency exchange, Binance, brings extensive experience in the world of finance and government regulation. His appointment as head of the company responded to rumors that circulated earlier this year, suggesting that he was the ideal figure to address the regulatory challenges faced
by Binance.
Teng’s Journey to Binance Leadership
Teng began his career at Binance in August 2021, taking on the role of CEO of Binance Singapore. His career, with more than three decades of experience in finance and the regulatory sector, has made him a natural choice to address the regulatory complexities faced by the company
.
The Profile of Binance’s New CEO
Prior to joining Binance, Teng held senior roles, including CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), chief regulatory officer of the Singapore Exchange, and director of corporate finance at the Monetary Authority of Singapore (MAS).
Key Roles in the Teng Experience
With a long tenure at MAS, which lasted 13 years until 2007, Teng subsequently served as a regulatory officer at the Singapore Stock Exchange. During his time on the Singapore Stock Exchange, he led a group responsible for the application of rules in the areas of trading, compensation and quotations, in collaboration with MAS. He then spent six years at the ADGM
.
Appointment as Head of Regional Markets and Current Roles
In May, Binance co-founder Changpeng Zhao (CZ) appointed Teng head of regional markets, overseeing operations around the world, with the exception of the United States, including the Middle East, North Africa, and European regions. In this capacity, Teng led regional teams to establish strategic partnerships and expand Binance’s global reach
.
Industry Involvement and Awards
Currently, Teng is a member of the international board of the Global Fintech Institute and the advisory board of the Blockchain Association Singapore. His inclusion in the inner circle of CZ and close collaborators, together with Binance co-founder He Yi, underlines his important role in the
company.
Teng’s Vision and CZ’s Support
Considered a ‘highly qualified leader’ by CZ, the former CEO of Binance believes that Teng will be critical to leading the company through a phase of growth, transparency, and compliance. The new CEO expressed his determination to use the experience accumulated over three decades of financial services and regulation to lead the Binance team into a
bright future.
In a tweet, Teng said: “It’s an honor and with the deepest humility to enter the role of Binance’s new CEO… To ensure a bright future, I intend to use everything I’ve learned over the past three decades of financial services and regulatory experience to lead our extraordinary, innovative and committed team.”
This consolidated financial executive is thus preparing to play a key role in the future of Binance, helping to resolve regulatory issues and to the consolidation of the company’s position in the global cryptocurrency market.
Frequently Asked Questions about Richard Teng, the New CEO of Binance
Who is Richard Teng and What Is His Experience?
Richard Teng is the current CEO of Binance, the world’s largest cryptocurrency exchange. With more than three decades of experience in finance and regulation, Teng has held senior roles in government bodies and international
financial institutions.
What Key Roles Did You Hold Before Becoming CEO of Binance?
Prior to assuming the role of CEO of Binance, Richard Teng was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), chief regulatory officer of the Singapore Exchange, and director of corporate finance at the Monetary Authority of Singapore (MAS).
How long have you been in the Cryptocurrency and Blockchain Industry?
Teng began his career at Binance in 2021, taking on the role of CEO of Binance Singapore. His vast experience in the financial and regulatory sectors, however, dates back several decades, with significant contributions to key institutions
.
What Are Richard Teng’s Contributions to Binance So Far?
After joining Binance, Teng was appointed head of regional markets, overseeing operations around the world, excluding the United States. He led regional teams to establish strategic partnerships and played a key role in Binance’s global expansion
.
What Current Positions Does Richard Teng Hold Outside Binance?
Outside of Binance, Richard Teng is a member of the international board of the Global Fintech Institute and is on the advisory board of the Blockchain Association Singapore.
How Does Your Regulatory Background Affect Binance Decisions?
Thanks to his regulatory experience, Teng is considered a ‘highly qualified leader’ by Changpeng Zhao (CZ), co-founder of Binance. He is expected to use his expertise to guide Binance through regulatory challenges and promote growth, transparency, and
compliance.
What is Richard Teng’s Vision for the Future of Binance?
In his role as CEO, Richard Teng has stated that he wants to use the experience accumulated over three decades to lead an extraordinary, innovative team committed to a bright future. Its mission includes resolving regulatory issues and consolidating Binance’s position in the global cryptocurrency market
.
How Can the Public Follow the Activities of Richard Teng and Binance?
To stay updated on Richard Teng’s activities and Binance’s developments, you can follow official social channels and visit the Binance corporate blog for press releases and updates.