Leading cryptocurrency exchange Binance has employed the services of former strategic executive at Dell and the National Basketball Association (NBA), which will reportedly serve as the new global strategy officer at Binance. This development was contained in the news as disclosed by a source on June 5.
The newly appointed global strategy officer, Gin Chao, will help to brainstorm innovative mediums by which the exchange’s strategy will be improved. Chao’s responsibility also include— heading initiatives in corporate development, venture investment, legal department and providing innovative strategies via the employment of new staffs.
Chao will also be in charge of seeking out business opportunities for Binance partner firms, and will also manage Binance projects, some of which are: Binance’s Venture Capital Arm, Binance Labs and Binance fiat-to-crypto channels.
Binance has recently been in the news for the launch of its Trust Wallet on Binance DEX on June 4, Trust wallet is reportedly a decentralized wallet solution for Ethereum and Ethereum-based crypto currencies.
The exchange has also announced the launch of its British pound-peggex stablecoin tagged Binance GPB ($BGBP) with reportedly £200 already minted, in a statement by Binance CEO, Changpeng Zhao.