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Binance CEO Hires CFO, Denying IPO Rumors

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Fri, 09/07/2018 - 11:49
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Yuri Molchan
Binance announced hiring a former Wall Street top manager Wei Zhou as their chief financial officer. Such people are usually employed when a company heads for an IPO
Binance CEO Hires CFO, Denying IPO Rumors
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On Friday, Binance announced hiring a former Wall Street top manager Wei Zhou as their CFO (chief financial officer). Such people are usually employed when a company heads for an IPO.

In his previous work experience Zhou has brought two big companies to an IPO on NYSE and Nasdaq. This fact supports the rumors about Binance heading for a public listing.

However, the Binance CEO denies this assumption, saying that the exchange has no plans of doing so. Curiously, enough, the rumour of Binance heading for an IPO appeared online almost at the same time as the Robinhood app stated that they are definitely planning a public listing and seek a CFO to help them do it.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.