Mayur Kamat, the Global Head of Product at the world’s largest crypto exchange, Binance has resigned from his role at the crypto company according to reports on Monday morning. This follows a string of executive exits, job cuts, and regulatory upheavals that the company has had to face since the turn of the year.
The exchange confirmed the departure in a statement to The Block:
“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.”
Also, Mayur Kamat said he is leaving for “personal reasons and finishing the transition.”
“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. It is also a good time for me personally to take some time off after 20 years of non-stop product work. It has been an experience of a lifetime working at Binance and seeing our user base grow. Thanks to CZ [Binance founder Changpeng Zhao] and the entire leadership team for this amazing opportunity. I will be cheering Binance from the sidelines."
After working at prominent companies in the tech space like Google, Microsoft and Agode, Mayur Kamat joined Binance in April 2022. Per his LinkedIn profile, he grew the exchange’s user base from 80 million to over 150 million, in 18 months, through various product launches. He also claims that he was instrumental in the launch and success of features like Feed, Tax, and CeDeFi.
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