Binance Suffers Another Blow as Two More Executives Depart in Ongoing Talent Drain

<p>Regulatory
issues around the world have led to the departure of several key executives
from Binance, increasing the number to five. Mayur Kamat, the Global Product
Lead, has stepped down after more than a year with the company. Exchange's
growing regulatory challenges may be the main reason for the talent drain.</p><p>Binance Loses Two More
Employees Over the Weekend</p><p>The
cryptocurrency exchange Binance confirmed in a statement that Kamat, who joined
the <a href="https://www.financemagnates.com/terms/e/exchange/">exchange</a> in April 2022, has resigned from his role as product lead. </p><p>"We
are grateful to him for helping guide Binance through some of our most
explosive growth and we wish him the very best," a spokesperson for the
exchange was quoted by CoinDesk.</p><blockquote><p lang="en" dir="ltr">JUST IN: Binance global head of product Mayur Kamat resigns amid executive exodus