CoinMarketCap’s Top Execs Jump Ship; Did Binance Push Them Out or Seeking Greener Pastures?
After two years at CoinMarketCap as a chief strategy officer, Carylyne Chan, who has also been the acting CEO, is exiting the renowned cryptocurrency market data firm. Following Chan on the exit door are Spencer Yang and Jeremy Seow, the Vice Presidents in charge of Operations and Product, respectively.
Chan joined CoinMarketCap in January 2018 and announced that she would be leaving the company on Aug. 31. Chan was appointed as the interim CEO following the acquisition of CMC by Binance in April this year.
Seow was appointed as CoinMarketCap’s vice president in charge of products in June 2019. Yang also joined the data firm in June last year as the vice president in charge of operations, growth as well as revenue.
During her time at CoinMarketCap, Chan has implemented various policies which have seen the firm play a major part in the mainstreaming of the crypto market. Chan saw the firm launching on various platforms such as Reuters, Nasdaq as well as Bloomberg, with the firm’s crypto indices offering cryptocurrency data to a larger audience.
Speaking to Bitcoin Exchange Guide, Chan stated that she is leaving the company with hopes that CMC will play a vital role when it comes to crypto education and awareness. A crucial aspect of the strategy that she introduced was a feature known as CMC Alexandria, which is an educational sphere of CMC which looks to orient newbies to the crypto world.
Chan explained that there is a lot to do to ensure the mass adoption of crypto. She explained:
“Apart from shedding light on the complicated inner workings of crypto, I believe that there is also a lot more that we need to do to make the actual use of the technology easier. We’ve all known for a while that better user experiences and simplified interfaces and products will be key to ramping up adoption of crypto.”
Chan noted that she was proud that she was involved in hiring as well as training more than a quarter of CMC staff and is hopeful they will continue offering the best to the clients.
At publication time, the company was yet to communicate on the team that will take over from the departing management.