More

    Binance Exchange Introduces Wei Zhou as New Chief Financial Officer

    One of the world’s most successful exchanges, Binance, recently announced that it has hired Wei Zhou, an experienced Wall Street executive, as its new Chief Financial Officer.

    Nothing has been official yet, but rumor has it that this is the first move that could be considered the company’s first step toward an IPO.

    Zhou distinctly worked as the CFO of Zhaopin.com and Charm Communications, where he led both companies through IPO listings on the NYSE and Nasdaq, respectively. The hiring of a CFO with notable capital markets experience, particularly one who’s taken recurring companies through the IPO listing process, can unquestionably be seen as an indicator that Binance is considering a similar route.

    Although Binance does not necessarily need the capital associated with a public listing, it pulled in more than $200 million in the first quarter of the year, the exchange would definitely reach a wider audience of institutional investors to help further build its dominance within the market. Additionally, an IPO would allow early backers of Binance to exit their positions and would likely help the company further segregate itself from the ongoing concerns with Sequoia Capital.

    Notably, Binance carried an initial coin offering (ICO) for its platform token, Binance Coin (BNB), where it raised more than $15 million last fall. BNB is currently ranked 15th in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,290FansLike
    2,763FollowersFollow
    4,142FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Stellar (XLM) Price Analysis (February 26)

    Key Highlights XLM/USD price worth has been relatively declining in sequential order. The XLM/USD pair has hit a low value of $0.06000. Caution needs...

    21Shares' Short Bitcoin ETP (SBTC) Listed on German Stock Exchange, Boerse Stuttgart

    On February 25, Boerse Stuttgart, the second-largest stock exchange in Germany, announced it had begun listing exchange-traded products (ETP) that are inversed with the...

    Bitcoin (BTC) Price Analysis (February 26)

    Key Highlights BTC/USD market has fallen under selling pressure after a line of range movements. One of the vital bearish restraining points at $9,000...

    Malta Financial Services Authority Addresses The Challenges With Security Token Offerings

    On Tuesday, Malta's Financial Services Authority (MFSA) published a document providing answers to questions relating to security token offerings (STOs) in the country. The watchdog...

    Ripple and Azimo Partner to Speed Up Cross-Border Payments Into the Philippines

    Ripple Partners With Major European-Based Virtual Money Transfer Service Azimo For Easier International Payments To Philippines Enterprise blockchain payments solutions provider, Ripple, revealed on...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.