Cryptocurrency exchange Binance has hired former Microsoft Corporate Vice President Rohit Wad as the company’s new Chief Technology Officer.
Binance appoints a new Chief Technology Officer (CTO) in the person of Rohit Wad, a senior executive from Microsoft. Binance revealed this new development after Rohit Wad had spent a month in office as the Chief Technology Officer. However, before this new position, Rohit Wad was the former Vice President of Microsoft Corporate.
Binance has only appointed the right person fit for the job. Wad has over thirty years of experience working in Microsoft and Silicon Valley giants. Binance has revealed that the new Chief Technology Officer (CTO) will be handling engineering scalable, compliant, and fast Web3 services and solutions.
Other responsibilities Wad is tasked with include; security and maintaining the stability and liquidity of the exchange. Being a centralized exchange, Binance under Wad aims to comply with the regulatory requirements in the crypto space.
Wad acknowledged that the potential presented by Web3 is immense hence the decision to join Binance:
“While we are still in the early days, there are already technologies that could dramatically simplify these inefficiencies. Web3 is exciting and I am super excited to join Binance to lead the global tech team. Web3 is growing rapidly and so is our team. We have several hundred engineering and product roles open across the globe.”
Binance on Web3 Are Hiring
Over the month, Binance has been strategically hiring. As it is, Rohit Wad is not the only one Binance hired. The crypto exchange has also announced that the former Agoda VP of Product, Mayur Kamat, will be coming on board as the Head of Product.
The new Head of Product will be responsible for handling the strategy for Binance’s products and roadmaps, enhancing crypto adoption, and reducing limitations to Web3 technology. Web3 and Metaverse are driving competition in the tech space.
On the other hand, Binance has continued to build a strong reputation in the crypto market following regulations from agencies and governments. With everything going on with regulators, Binance continues to grow globally. The exchange will also be able to operate in Dubai after getting its Virtual Asset License.