Binance Appoints SB Seker as APAC Head for Compliance

Binance, the leading cryptocurrency exchange, has appointed SB Seker, a former executive from Crypto.com, as its new head for the Asia-Pacific region. This strategic move is aimed at bolstering the exchange's operations and regulatory relationships as it seeks to strengthen its presence in the APAC market. According to Binance, Seker's primary focus will be enhancing engagement with policymakers and regulators across the region. Prior to joining Binance, Seker served as Senior Vice President at Crypto.com Group, overseeing global product development and managing legal and regulatory issues in the APAC and MENASA regions. Seker's robust legal background includes senior roles at Ant Group, Rothschild & Co, and Amicorp Group, as well as experience as a litigator in Australia and a central banking lawyer at the Monetary Authority of Singapore. "APAC is a vital market for Binance, and SB’s extensive experience across its diverse sectors positions him well to steer the company towards its next growth phase in the region," stated Richard Teng, CEO of Binance. Seker expressed his excitement about the role, stating, "I look forward to collaborating closely with regulators, partners, and our community to implement strategic initiatives and strengthen operations throughout the region." As the world's largest crypto exchange by trading volume, Binance's monthly spot market volume increased to $724.6 billion in August, a notable rise from $706.1 billion in July, as reported by The Block. Bybit and Bitget follow closely, reporting volumes of $124.4 billion and $124 billion, respectively. Disclaimer: The Block is an independent media platform providing news and insights in the crypto sector. As of November 2023, Foresight Ventures is a primary investor in The Block. This information is intended strictly for informational purposes and is not legal or financial advice.