Binance Head of Product Mayur Kamat Steps Down, CZ Pushes Back On FUD As BNB Price On
Crypto exchange giant Binance confirmed to Cryptonews on Monday, that the company’s global head of product, Mayur Kamat, has resigned, amid a mass exodus of executives and job cuts within the company.
“We can confirm that Mayur has stepped down from his role as product lead. We are grateful to him for helping guide Binance through some of our most explosive growth and we wish him the very best,” a company spokesperson said in a mail.
Kamat has served for nearly 2 years in Binance and during his tenure, he has helped Binance grow from 80 million to 150+ million users in a span of 18 months by establishing experimentation, growth product, and conversion optimization, among others, per his LinkedIn profile.
“It has been an experience of a lifetime working at Binance and seeing our user base grow,” Kamat said after stepping down from the executive position.
As first reported by The Block, Kamat cited “personal reasons” for leaving the company and said he handed over the position to next-gen leaders seamlessly.
"It is time for me to step down and transition product leadership to Binance's next-gen leaders. I have worked closely with product leads to ensure a seamless transition.”
He also added that this is a “good time” to personally take some time off from his “non-stop” career in products. Prior to his career in Binance, he worked at some of the leading global multinational corporations (MNCs) including Google, Microsoft and Agoda.
He further thanked the Binance team and the founder Changpeng Zhao (CZ) and said that he would be “cheering Binance from the sidelines.”
Binance, the world’s largest cryptocurrency exchange by trading volume, has recently witnessed several senior executives leaving the company due to reasons including
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