Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

News Spotlights Stocks

Binance global head of product Mayur Kamat resigns

post-img

(Reuters) – Binance’s global head of product and design, Mayur Kamat, has resigned amid a string of executive exits and job cuts at the cryptocurrency exchange, The Block reported on Monday citing a source.

Kamat’s exit follows a recent executive exodus from Binance that includes Chief Strategy Officer Patrick Hillmann and General Counsel Hon Ng.

Binance did not immediately respond to a Reuters request for comment on the report.

The cryptocurrency exchange has lately been under heavy regulatory scrutiny in the United States, with regulators aggressively clamping down on what they deem are illegal activities.

The Securities and Exchange Commission (SEC) sued Binance and CEO Changpeng Zhao in June for allegedly operating a “web of deception”, listing 13 charges including claims the company artificially inflated its trading volumes, diverted customer funds, and failed to restrict U.S. customers from its platform.

Binance has said it would defend itself vigorously.

The company also laid off a number of employees in July.

Related Post