News and updates from the world’s leading cryptocurrency exchange
Jun 06
2019
Binance Announces Former NBA and Dell Corporate Development Executive as Strategy Officer

MALTAJune 6, 2019The global cryptocurrency exchange and blockchain ecosystem, Binance, today announced the addition of Gin Chao as Strategy Officer to the company where he is leading the corporate development, venture investment and legal departments. Chao brings an extensive background of developing and managing strategic investment opportunities as well as overseeing cross-regional business growth opportunities in Asia and the U.S.

Chao joins Binance to oversee its global strategy, ranging from the company’s venture capital (VC) arm, Binance Labs, to its strategic fiat-to-crypto gateways, including the creation of new partnerships and banking relationships for Binance Singapore, Binance Uganda and in emerging regions such as Latin America. Chao will also create new business opportunities for Binance’s existing and forthcoming partners, as well as acquire capabilities that bridge departments company-wide.

“We are thrilled to welcome Gin as our latest leadership hire to strengthen our business ventures and strategy across our global ecosystem,” said CEO of Binance, CZ (Changpeng Zhao). “He will play a key role in driving our strategic business goals that span across the globe, and we are confident that he will help realize new avenues of opportunities alongside the core executive team.”

As former Vice President of Strategy and Corporate Development at the National Basketball Association (NBA), Chao led new asset and investment opportunities, including scalable business models, and will leverage his previous experience for Binance. Chao also led new growth opportunities and oversaw merger and acquisitions (M&A) and joint ventures in the Asia-Pacific region during his time at Dell as Director of Strategy.

Additionally, Chao will facilitate opportunities that connect the token economy to traditional VC structures for Binance Labs and Binance Launchpad. Prior to Chao’s roles at the NBA and Dell, he spent 15 years in the U.S. leading acquisitions at Sovereign Investment Company, Deutsche Bank's new media investment banking group, where he raised over $2 billion in capital for Web 1.0 companies and Price Waterhouse’s management consulting division.

“I’m honored to be joining CZ and the team during this incredibly exciting time for the industry,” said Gin Chao, Strategy Officer at Binance. “I’ve followed the growth of the senior executives at Binance over the years and it’s a testament to CZ’s vision and leadership to have formed such a talented and accomplished group. The level of personal and professional commitment throughout this entire organization is unparalleled and the results speak for themselves. I’m looking forward to working with the team on building and providing sustainable blockchain-based services that accelerate cryptocurrency adoption and support our overall mission.”  

About Binance Exchange

Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. Capable of processing more than 1.4 million orders per second, Binance is one of the fastest cryptocurrency trading platforms in the world. The platform focuses on security, robustness and execution speed—attracting enthusiasts and professional traders alike. For more information, visit: https://www.binance.com

About Binance

Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. The Binance ecosystem is comprised of Binance Exchange (the leading global cryptocurrency exchange), Labs (venture capital arm and incubator), Launchpad (token sale platform), Academy (educational portal), Research (market analysis), Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability) and Trust Wallet (Binance’s official multi-coin wallet and dApps browser), as well as Binance Chain, a blockchain software system developed by Binance and the community.