It has been claimed that the fate of Binance.US, the US subsidiary of Binance, the world’s largest cryptocurrency exchange, depends on CEO Changpeng Zhao (CZ) to grow.
The Block cited sources familiar with the matter. September 13 In the news dated 2018-2018, in a recent internal meeting, Binance.US announced that it would continue to grow. three different solution plans and one of these options is Binance CEO Breaking the bond with CZ It was stated that. In this context, Binance.US CZ of destinyIt was stated that he was affiliated with .
The road can be continued without CZ
According to sources, the first option presented to the stock exchange was to continue implementing everything as planned. Stock market based on this option operations And extend their licenses It will continue its efforts to export new products. However, in order for this scenario to occur in a healthy way, CZ must resolve its problems with the US Securities and Exchange Commission (SEC) and placing stock market assets in a trust or to sell It was stated that it was necessary.
past May CZ’s share in the stock market in reduce their shares There were various reports that he was looking for options for In this context, it is thought that Binance.US is having a hard time due to CZ and the CEO is likely to sever his ties with the stock market.
More resources may be at risk
The second option is to go to the stock market. when investing company’s losses moderate reduction Contains. These investments infrastructure services, account functionality like increasing efficiency, improving user experience It was said that there could be investments. However, it was emphasized that if this option is chosen, one must be willing to invest in the company in the midst of the shame market and regulatory struggle.
You can go into a deep hibernation
The third and final option is to hold on until there is a significant improvement in the stock market’s condition. effective hibernation It was time to go to bed. This option allows Binance.US to operate as much as possible while continuing its normal operations. less resource expenditure It was stated that it was necessary. This option minimum staff And minimum resource While it was pointed out that it means, Binance.US CEO who came yesterday Brian Shoder Attention was drawn to the news of his resignation from office.
It was announced that Binance.US CEO Brian Shoder resigned yesterday, and in parallel with the CEO’s departure, the company’s 100 employees It was reported that he was dismissed. In light of this development, the stock market may have chosen the third option It was claimed.