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.
Rohit Wad’s Key Role in Binance
Rohit Wad’s appointment as Binance’s new Chief Technology Officer has a significant role in contributing to Binance’s aim of expanding the benefit of cryptocurrency to the economy. Binance, the largest cryptocurrency exchange, has introduced its new development, and appointing Rohit Wad as the new CTO has a significant role to play in it.
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.
While commenting on how Wad’s taking up his responsibilities, Binance mentioned that the new CTO started his first days at the exchange by making observations on his new role. Wad also admitted that he had agreed to join Binance because of the potential of Web3.
According to Wad, ”he is happy to be leading the global tech team. While Web3 is still evolving, there is no doubt it is growing immensely, and the Binance global tech team is also not left behind. Not only that, Binance has hundreds of engineering and product roles across the globe.
Wad formerly worked at Facebook and Google as an Engineering Director and was a crucial figure in creating and developing Microsoft Teams and Skype while at Microsoft.
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.