Crypto Exchange Binance Hires Gin Chao As Global Strategy Officerbr>
Binance, one of the world’s largest crypto exchanges, has hired Gin Chao as its global strategy officer.
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. Chao also led new growth opportunities and oversaw merger and acquisitions (M&A) and joint ventures in the Asia-Pacific region during his time at Dell as Director of Strategy.
In his new role, Chao will oversee Binance’s 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 for Binance Singapore, Binance Uganda and in emerging regions, such as Latin America. Chao will also create new business opportunities for Binance’s existing and forthcoming partners, as well as acquire capabilities that bridge departments company-wide. Additionally, Chao will facilitate opportunities that connect the token economy to traditional VC structures for Binance Labs and Binance Launchpad.
“We are thrilled to welcome Gin as our latest leadership hire to strengthen our business ventures and strategy across our global ecosystem,” said Changpeng Zhao, CEO of Binance. “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.”
“I’m honored to be joining CZ and the team during this incredibly exciting time for the industry,” said Chao. “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. The level of personal and professional commitment throughout this entire organization is unparalleled and the results speak for themselves. 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.”