Will Binance CEO Resignation Affect Crypto Market?

Free Images From Unsplash

Binance is well known to we all crypto traders and the CEO of it Changpeng Zhao (CZ) also known to us who recently confirm about his resignation from binance and replaced himself with new CEO Richard Teng. But when CZ will withdraw his all fund, Isn't it will affect the market? What do you think? A CEO of company hold the maximum share of his company though I've no idea how much share CZ has and what will be his next move.

Suddenly the red candle in market bring this question in my mind that the resign of CZ can affect the market as he is fined by US court. One of my friend let me know this morning that CZ resigned from his position and when I look for more crypto news I find that he bring a better alternative of him as the name already announced as new CEO. We all wish that Teng as new CEO of binance will be more responsible and will take binance to the next level.

CZ also said in his X social platform that, Binance is no longer a baby and it has capabilities to walk and run so his statement indicate that his resignation doesn’t going to affect Binance community, users, investors and crypto holders. He also assure that he will remain available with the team of binance whenever needed. He spent his restless efforts for binance around 6.5 years and now its time to take a break but he proved himself a responsible CEO of binance exchange as he replaced himself with an eligible person for the position.

According to the tweet on X social media CZ showed his concern about market so I think he doesn’t going to take such step that affect market in a negative way. Red candle is very common scene and many of us already used to this market condition. Waiting for good days can be the best at this moment. As a binancian I always want the progress and success of Binance. The market shouldn’t be affected by such move or decision of crypto experts or business experts.

The resignation made in a healthy stage of binance exchange and as a human CZ also need a break after a long time restless hardwork. The decision was very wise and I appreciate too. Nothing to get worried about binance and crypto market. Keep waiting for the green candles will be wise for we crypto traders or crypto lovers.

Thanks For Stopping By!!