Binance May Set Multiple HQs Globally and Seeks Regional CEOs – Bloomberg Law

By Joanna Ossinger and Olga Kharif

Binance plans to pivot to act more like a financial institution going forward and plans to establish multiple headquarters around the world, CEO Changpeng “CZ” Zhao said in a news conference Tuesday.

  • Zhao said the company, the largest crypto exchange by reported turnover, is looking to hire people with compliance backgrounds, and will look for regional CEOs
  • Binance may even search for a global CEO, Zhao said, hinting at potential succession for himself
  • Binance has a few hundred people in the compliance department currently, Zhao said
  • Binance plans to apply for licenses “everywhere,” Zhao says
  • NOTE: Binance Booms as Crypto …

Joanna Ossinger

Joanna Ossinger

Bloomberg News

Olga Kharif

Olga Kharif

Bloomberg News