Binance Appoints Kyrylo Khomiakov to Key Executive Role for Asian Markets

Binance, which is being sued by US regulators for a wide range of issues while also facing major operational challenges globally, announces that Kyrylo Khomiakov, Binance’s Central and Eastern Europe (CEE) General Manager, has been appointed the Regional Head for both the CEE and Central Asia.

Kyrylo will steer teams across these markets “to enhance the delivery of Binance’s products and services, placing a particular emphasis on company growth, education initiatives, fiat channels development, and optimizing the user experience in these key markets.”

Kyrylo will reportedly work “to fortify Binance’s industry leadership, oversee marketing strategy, and foster constructive dialogue with governmental and public entities in both CEE and Central Asia markets.”

Richard Teng, Binance‘s regional head, said that in his previous roles with Binance, Khomiakov “has demonstrated exceptional leadership and always operated with a user-focused mindset and unimpeachable integrity.”

Teng added:

“These diverse and truly unique regions are critical to our company. Having Kyrylo, who possesses a deep understanding of these local markets and plays an integral role in the Binance organization, taking responsibility for these regions is crucial. This appointment will ensure an effective allocation of our resources to uphold our position in this part of the world.”

Kyrylo Khomiakov joined Binance in January 2022, “initially taking responsibility for the Ukraine market.”

Within a year, he proved his mettle “by effectively developing the market, executing global marketing strategies, and establishing strong relationships with government and public entities.”

Given his success and the valuable experience he gained, his responsibility “has expanded to cover the entire Central and Eastern Europe (CEE) region. He will now guide development across 14 countries in both the CEE and Central Asia.”

Kyrylo Khomiakov remarked:

“We keep our users as our top priority. We’re focused on building a local presence in CEE and Central Asian countries. This way, we can build trust and create products that help our users every day. Trust isn’t a one-off thing, but rather the result of a daily commitment from our team. We want a strong partnership with our users, and for that, trust is key. I’m truly excited about having the opportunity to aid the industry’s expansion and develop these efforts in more regions.”

Prior to joining Binance, Khomiakov assumed leadership roles “in various banking, fintech, and government organizations, bringing with him over 15 years of experience in the field. Notably, prior to Binance, he served as the CEO of the State Agency of Infrastructure Projects of Ukraine and CEO of a blockchain software development company.”

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