Binance Taps Teng to Run All Regional Markets in Swift Ascension
- Teng’s new role expands prior job leading Asia, Europe, MENA
- Move comes as Binance and its CEO face US regulatory action
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Binance tapped Richard Teng to head all its regional markets outside of the US, a swift and steady ascension for the executive that joined the world’s biggest crypto exchange just under two years ago.
Teng’s new position, effective Monday, is an expansion of his previous role leading Asia, Europe, Middle East and North Africa, according to a company spokesperson. He joined the firm in August 2021 as Chief Executive Officer of Singapore, and rapidly climbed the ranks amid a tumultuous time in the digital assets sector.