Senior Manager of Bitcoin Exchange Binance Resigned! Here’s Why!

Crypto exchange Binance has lost another top executive amid its regulatory woes.

Binance Global Head of Product Mayur Kamat Resigns

“We can confirm that Mayur has resigned from his role as product lead,” a Binance spokesperson said. “We are grateful and wish him all the best for guiding us through some of Binance’s fastest growth periods,” he said.

Kamat also confirmed his departure, saying that he left Binance for personal reasons and completed the transition process.

“It is time for me to step down and hand over product leadership to Binance’s next generation of leaders,” Kamat said in a statement. “I worked closely with product leaders to ensure a smooth transition.

It’s also a good time for me personally to take a break after 20 years of continuous product work.

Working at Binance and seeing our user base grow has been the experience of a lifetime. Thank you CZ and the entire leadership team for this wonderful opportunity. “I will be supporting Binance from the sidelines,” he added.

Kamat joined Binance in April 2022 after working at companies such as Google, Microsoft and Agoda. According to his LinkedIn profile, he helped Binance grow from 80 million to over 150 million users in 18 months through various product launches.

Kamat is among several senior executives who have recently left Binance. Last week, Binance’s Asia-Pacific head Leon Foong left the crypto exchange.

Other recently departed Binance executives include chief strategy officer Patrick Hillman, general counsel Hon Ng, and chief operating officer Yibo Ling.

*This is not investment advice.