Binance's new CEO Teng braces for uphill battle in post-Zhao era

Binance's new CEO Teng braces for uphill battle in post-Zhao era

FILE PHOTO: Richard Teng, head of the Middle East and North Africa for crypto firm Binance gestures as he speaks during an interview with Reuters in Dubai, United Arab Emirates, March 30, 2022. REUTERS/Abdel Hadi Ramahi/File Photo

Spiralling compliance costs, ongoing legal headaches and a shrinking share of the market: Binance’s new chief Richard Teng faces daunting challenges in turning a new leaf for the world’s biggest crypto exchange.

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