Binance appoints new CEO for its Australian Operations

Karthik Subramanian

Binance, the embattled crypto exchange that has been in the news recently for all the wrong reasons, has appointed Leigh Travers as the new CEO for its Australian operations.


Travers was the CEO and Director of DigitalX which is an asset management platform and is listed on the Australian Securities exchange. He has been working there for the past 7 years and has been responsible for building out its strategies and helping with the growth of the company. He joins Binance at a time when the exchange has been under a lot of pressure from the regulators in many countries around the world and he would be expected to help in maintaining good relations with the Australian regulators as the company looks to expand in the region.

Sam Teoh, COO at Binance Australia said, “We’ve observed the work Leigh has done at DigitalX for a while now and we’re excited to work with him not just on Binance Australia’s continued growth, but widespread adoption of blockchain businesses and cryptocurrency in Australia at large.”

He would be expected to get to work quickly as he would need to repair all the reputational damage that has been caused to the Binance exchange over the last couple of months as the regulators in the UK, Malaysia, Hong Kong, and other regions have shut down the operations of Binance for now following any of the compliance procedures laid down for crypto trading in the respective countries. The exchange had grown rapidly in the regions at a time when there were little by way of regulations in these countries about crypto. Now that these countries have started bringing in a lot of crypto regulations, it is immediately visible that the exchange does not adhere to many of the regulations that have been laid down and that is why is it now scrambling to adopt various compliance procedures and forcing its users to undergo KYC.

Travers said: “From an industry perspective, I know we must continue to develop our relationships with regulatory bodies while reinforcing our company commitment to compliance and best practice. As the market leader in the digital asset space, we have a responsibility to be involved in helping to shape the growth of our industry and this means prioritizing engagement and conversations with policymakers and regulators.”

This regulatory compliance is the focus that seems to have been laid down from the top as one of the highest priorities for the exchange and the same thoughts have been echoed by the founder CZ as well as the Binance Singapore CEO Richard Teng.

Read this next


SteelEye tries ChatGPT for market surveillance

This capability can be used as a starting point for initiating a surveillance investigation and to standardize workflow processes to boost the throughput and consistency of cases. It is also useful when analyzing communications in foreign languages, as the system returns the above insights in English regardless of the languages being used.

Industry News

SEC charges ex-Morgan Stanley advisor of NBA players after $13m fraud

Darryl Matthew Cohen was arrested this week and is facing three different federal counts of fraud, which could amount to 20 years in prison if convicted, besides the SEC complaint. 

Industry News

AWS FinTech Africa Accelerator launched, applications until April 27, 2023

Founders will be offered tech resources, expert guidance, and a global network of industry leaders, technologists, entrepreneurs, investors, associations, and partners, in order to build their fintech products. 

Industry News

Interactive Brokers pays unmatched interest up to USD 4.33% on cash balances over $10,000

For clients of Interactive Brokers, interest accrues daily, and payments are posted on a monthly basis. Interactive Brokers’ cash management is integrated into client broker accounts, making it simple to earn interest and borrow at the lowest rates without transferring cash.

Retail FX

FP Markets adds cTrader to roster of trading platforms that include MT4, MT5, Iress

“Our market share swings towards the more sophisticated segment of traders and we have been inundated with requests for an additional platform with more institutional-style characteristics. The addition of the cTrader trading platform offering allows our clients the choice to further shape their trading experience with us.”

Digital Assets

SEC mulls lawsuit against Coinbase’s staking and spot trading

Shares in Coinbase fell 15 percent after the US Securities and Exchange Commission threatened a potential enforcement action against the crypto exchange over certain products.

Digital Assets

Kraken halts ACH transactions amid banking crisis

San Francisco-based cryptocurrency exchange Kraken says it will no longer process Automated Clearing House (ACH) following the failure of its payments partner, Silvergate Bank.

Digital Assets

French influencers face two years in jail for promoting crypto products

France’s National Assembly’s Economics Committee voted in favor of a law that bans social media influencers from touting risky financial services, including cryptocurrencies.


Exberry’s Guy Melamed on paradigm shift with cloud-native exchanges at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Guy Melamed about Exberry’s cloud-native exchange SaaS platform certified by AWS to bring about a paradigm shift in the industry at a time of cybersecurity concerns.