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Five CoinMarketCap Executives Depart Binance-Owned Firm

Binance plans to replace the executives with its own staff.

By Danny Nelson
AccessTimeIconAug 31, 2020 at 3:04 p.m. UTC
Updated Sep 14, 2021 at 9:50 a.m. UTC
(Shutterstock)

(Shutterstock)

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Five of CoinMarketCap's (CMC) top executives, including the interim CEO, have left the cryptocurrency-ranking website only months after the firm's purchase by Binance.

  • The Monday departures includes interim CEO Carylyne Chan and executives Spencer Yang, Jeremy Seow, Jared Chin and Matthew Lippl.
  • Binance plans to replace the all five with in-house staff but says CMC will maintain operational independence.
  • Binance purchased CMC for an undisclosed sum in early April. Founder and CEO Brandon Chez departed soon thereafter, leaving Chan, who had joined CMC in 2018, as the interim chief.
  • In a blog post announcing her departure, Chain said she hoped CMC will continue to uphold "its core values of transparency, integrity, non-censorship and accountability." She also indicated that she and Chez may write a book about their experiences at CMC.

Read more: ‘They Have the Users’: Binance CEO Explains Why He Bought CoinMarketCap

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