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Binance CEO Hires CFO, Denying IPO Rumors

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Fri, 7/09/2018 - 11:49
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.

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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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