Binance's Zhao says Richard Teng to become next CEO

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. Picture taken March 30, 2022. REUTERS/Abdel Hadi Ramahi/File Photo

(Reuters) - Binance founder Changpeng Zhao said on Tuesday insider Richard Teng has been named the new chief executive of the cryptocurrency exhange.

(Reporting by Manya Saini in Bengaluru)