The post Binance CEO Changpeng Zhao, CZ, Steps Down from Binance US Board as Chairman appeared first on Coinpedia Fintech News
In a significant development, CZ has decided to step down from his role as Chairman of the Binance.US Board of Directors and transfer his voting rights through a proxy arrangement. This effectively severs his involvement in Binance.US’s governance, leaving him with an exclusively economic interest in the company.
Gratitude to CZ
Binance.US extends its appreciation to CZ for his invaluable guidance and counsel over the years. With his support, Binance.US has established itself as a leading destination for US crypto traders seeking a superior experience.
Binance. US Aims to Forward with Renewed Clarity
Despite recent controversies and step down of CZ, Binance.US remains focused on its mission to modernize and democratize the financial system. Under the leadership of Norman Reed and its experienced management team, Binance.US is well-capitalized and poised for continued growth and innovation.