The post Binance CEO Changpeng Zhao, CZ, Steps Down from Binance US Board as Chairman appeared first on Coinpedia Fintech News

Binance is talk of the town since CZ step down as CEO and their 4 billion settlement and now Binance US shared on X (twitter) that CZ has decided to step down from his role as Chairman of the Binance.US Board of Directors and transfer his voting rights through a proxy arrangement. This effectively severs his involvement in Binance.US’s governance, leaving him with an exclusively economic interest in the company.

Gratitude to CZ

Binance.US extends its appreciation to CZ for his invaluable guidance and counsel over the years. With his support, Binance.US has established itself as a leading destination for US crypto traders seeking a superior experience.

“We are exceptionally grateful to CZ for his guidance and counsel over the years. With his support, we have established Binance US as a destination of choice of U.S. customers seeking a superior crypto trading experience.”

Binance US

Binance. US Aims to Forward with Renewed Clarity

Moving forward, Binance.US will continue to be led by Norman Reed and its experienced management team. The company is well-capitalized to continue building and growing its platform while maintaining its customer-first commitment. The team at Binance.US remains as energized as ever about the opportunity for the business and its mission to modernize and democratize the financial system.