The CoinMarketCap CEO Carylyne Chan has quit along with two vice presidents after only four months from the Binance acquisition so let’s find out more in our Binance latest news today.
CoinmarketCap CEO Chan left the company today and two senior members resigned in the last two weeks just a few months after the company was acquired by the crypto exchange Binance. Chan worked for two years and three months at the company and in an interview with Decrypt she said:
“Before I joined CoinMarketCap, I built and subsequently sold a company that was in the artificial intelligence space. I believe that there is still a lot to be done in AI, so I might go back to that field at some point.
However, in the immediate term, I’m exploring new opportunities or industries which need modernizing with technology and better branding; I believe the experience which I’ve amassed over the last decade can be pivotal to drive real gains in the wider economy, especially at this moment in time of our collective human history.”
After Binance acquired the platform, the founder of CoinMarketCap Brandon Chez stepped down and paved the way for Carylyne Chan to leave her position as interim CEO. There were also controversies after the major change was made on the site which pushed binance to the top of the rankings. She continued:
“Throughout the acquisition and after, it was my goal to uphold the responsibility to our users of integrity, transparency and non-censorship. As I said in my letter to the crypto space when I became interim CEO, operational independence is key, and I asked our users to judge us over the coming months to make sure we kept our word. All I can ask is for that accountability to continue.”
During Chan’s time at the company, CMC played a huge role in mainstreaming the crypto space. Launching on Reuters, Nasdaq, and Reuters, the company’s crypto indices provided crypto data to a broad audience. Chan also oversaw the development of the company’s score and liquidity metric which provided solutions to volume inflation on exchanges as well as helping users to find the best crypto exchanges. During her time at the company, CMC started Data Accountability and Transparency Alliance which was aimed at promoting transparency for the entire crypto industry.
Spencer Yan, the vice president of operations, and Jeremy Seow, the vice president of product, have both left the company in the past two weeks.
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