Two top managers leave the Binance cryptocurrency exchange at once amid the company’s litigation with financial regulators in the US and Europe. Binance Eastern Europe Director Gleb Kostarev and CIS Director Vladimir Smerkis announced their departure.
Kostarev thanked Binance founder Changpeng Zhao and the entire team:
With a difference of several tens of minutes, Smerkis announced his departure:
The top manager added that he was ready to tell the media all the details:
Mayur Kamat, head of products and design at Binance, has previously resigned. Other recent layoffs include Binance Asia Pacific Director Leon Foong, Chief Strategy Officer Patrick Hillman, General Counsel Hon Ng, and Chief Business Officer Yibo Ling. The other day, representatives of the exchange allowed the complete withdrawal of Binance from the Russian market.
Binance’s market share has declined in recent months due to issues with US authorities. In February, the share of the cryptocurrency exchange in spot trading volumes was 63%, and now it has fallen to about 47%. However, Binance remains the largest cryptocurrency exchange in the world.
Source: Cryptocurrency
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