In the latest development from the world of cryptocurrency, Binance, the globe’s leading crypto exchange, witnesses another top-tier exit. Mayur Kamat, who assumed the Head of Product role in March 2022, announced his departure, intensifying the spotlight on Binance’s corporate upheaval amidst escalating regulatory scrutiny.
Kamat took to Telegram to share his decision, highlighting his intent to hand over the reins to Binance’s emerging leadership. He stated, “After two decades dedicated to relentless product innovation, I feel the pull to rejuvenate and take a personal hiatus.”
His resignation trails a series of high-profile exits at Binance. Since July, the crypto giant has lost its Chief Strategy Officer, General Counsel, and Asia-Pacific Head. The exodus coincides with increasing tension between Binance and U.S. regulatory bodies. Both the US Commodity Futures Trading Commission and the Securities and Exchange Commission have instigated lawsuits against the exchange, presenting a series of allegations.
Despite the pressure, Binance remains steadfast, contesting the regulators’ claims.
