Binance appoints Ukrainian Kyrylo Khomiakov as the head of CEE and Central Asia

Crypto company Binance has announced the appointment of Ukrainian Kyrylo Khomiakov as the head of the CEE and Central Asia regions. At first, he was the general manager of Binance in Ukraine, and later the same position in CEE. Now, Khomiakov will manage business development in 14 countries in the CEE and Central Asia regions.

• He is responsible for managing teams in these markets to improve Binance’s products and services, drive company growth, educational initiatives, fiat channel development, and optimizing user experience.
• In addition, he will develop communicational channels with government structures in CEE and Central Asia.
• Kyrylo Khomiakov joined Binance in January 2022. Before joining Binance, he held senior positions in various banking, fintech, and government organizations, including CEO of the State Agency for Infrastructure Projects of Ukraine and CEO of a blockchain software development company.

“These diverse and unique regions (CEE and Central Asia) are of crucial for our company. Kyrylo, who has a deep understanding of these local markets, plays an important role in the company. This appointment will ensure an efficient allocation of our resources for the company’s growth in this part of the world,”

Richard Teng, Regional Head of Binance commented.

• Binance is the world’s largest cryptocurrency exchange and positions itself as a blockchain ecosystem and cryptocurrency infrastructure provider. Services include trade and finance, education, research, investment and incubation, decentralization, and infrastructure solutions.
• The company announced its exit from Russia only at the end of September 2023, initiating the sale of the local business of the CommEX crypto exchange. Russian users offered the following conditions: they can switch to CommEX or close their accounts and withdraw assets within a year from the moment of closing the transaction.
• The company explained this by the fact that “working in Russia is incompatible with Binance’s compliance strategy.” The company did not mention the war in Ukraine, which was started by the Russian Federation.