Richard Teng, the new CEO of digital exchange Binance, revealed in an interview that the company currently has no need to raise capital or go public. After Changpeng Zhao, nicknamed CZ, resigned following a $4.3 billion settlement with the US government, Teng was appointed to the role and has focused on transforming Binance from a founder-led organization to a company with a Convert board of directors. He is also looking for a permanent headquarters. Teng noted that Binance has been profitable for the fifth month of its existence and has been prudent in its spending.
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