Cointelegraph Team
Cointelegraph
The former head of the world's first publicly-listed blockchain firm the is new CEO of Binance’s Australian subsidiary.
Binance Australia has announced the appointment of Leigh Travers, the former chief executive of local blockchain technology and payments firm DigitalX, as the company’s new CEO.
Travers has worked at DigitalX for seven years, and previously served on the board of the leading local blockchain industry body, Blockchain Australia. In June 2014, DigitalX became the world’s first publicly-listed blockchain firm after completing a reverse takeover of the Australian Stock Exchange-listed company, Macro Energy Ltd.
In an Aug. 28 announcement from Binance, Travers emphasizes that he will prioritize building Binance Australia’s relationships with regulators and growing the company’s brand.
“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,” said Travers, adding:
“From an industry perspective, I know it’s imperative that we continue to develop our relationships with regulatory bodies while reinforcing our company commitment to compliance and best practice.”
Binance Australia launched in July of 2020. Binance’s Australian subsidiary is operated by InvestbyBit — a local digital asset exchange regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC) that launched in September 2017.
According to the Australian Business Register, InvestbyBit rebranded to Binance Pay on Feb. 22 of 2019, before changing its name to Binance Lite four days later, and again rebranding to Binance Australia on Aug. 6, 2020.
Binance Australia’s previous CEO, Jeff Yew, left the company in April. The following month, Yew launched Monochrome, a unit trust targeting superannuation funds and high net worth individuals.
Speaking to Sydney Morning Herald in May, Yew stated that Australia’s lawmakers have failed to provide the digital asset sector ample regulatory clarity.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.
Recommended Content
Editors’ Picks
These 5 altcoins are rallying ahead of $16 billion FTX creditor payout
FTX begins creditor payouts on January 3, in agreement with BitGo and Kraken, per an official announcement. Bonk, Fantom, Jupiter, Raydium and Solana are rallying on Thursday, before FTX repayment begins.
ETH could see new all-time high in 2025 as blobs top burn leaderboard
Ethereum (ETH) is down 1% on Tuesday following a weeklong consolidation of the general crypto market. The top altcoin could be set for a bullish 2025 if blobs continue their recent trend of burning high amounts of ETH.
PEPE Price Prediction: Last-minute $121M whale demand sparks 1,500% 2024 rally
PEPE price surged 25% within the last 24 hours, decoupling from the broader crypto market’s year-end volatility. With whales spotted entering last-minute buying frenzy, can PEPE breach the $0.000025 resistance?
These three narratives could fuel crypto in 2025, experts say
Crypto narratives like Real-World Asset tokenization, Artificial Intelligence and Bitcoin as a treasury asset could gain relevance in 2025. Experts say meme coins could emerge as a key vertical next year and strike a cautious note about Solana and XRP ETFs.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.