Binance names new strategy officer

Malta-based digital asset exchange Binance announced the addition of Gin Chao as Strategy Officer to the company, where he will be leading the corporate development, venture investment and legal departments, according to a press release.

Mr Chao joins Binance to oversee its global strategy, ranging from the company’s venture capital (VC) arm, Binance Labs, to its strategic fiat-to-crypto gateways, including the creation of new partnerships and banking relationships.

“We are thrilled to welcome Gin as our latest leadership hire to strengthen our business ventures and strategy across our global ecosystem,” said CEO of Binance, Changpeng Zhao (CZ). “He will play a key role in driving our strategic business goals that span across the globe, and we are confident that he will help realize new avenues of opportunities alongside the core executive team.”

Mr Chao brings an extensive background of developing and managing strategic investment opportunities as well as overseeing cross-regional business growth opportunities in Asia and the US.

As former Vice President of Strategy and Corporate Development at the National Basketball Association (NBA), Chao led new asset and investment opportunities, including scalable business models, and will leverage his previous experience for Binance.

“I am honoured to be joining CZ and the team during this incredibly exciting time for the industry,” said Gin Chao, Strategy Officer at Binance. “I’ve followed the growth of the senior executives at Binance over the years and it’s a testament to CZ’s vision and leadership to have formed such a talented and accomplished group. I’m looking forward to working with the team on building and providing sustainable blockchain-based services that accelerate cryptocurrency adoption and support our overall mission.”