Binance Names Jeff Li as New VP of Product During Binance Blockchain Week in Dubai

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Trent Alan

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Trent Alan

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Trent has a background and education in journalism and communications, with two decades of experience editing and writing on a diverse array of topics. In recent years, however, he has shifted his…

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Last updated:

October 30, 2024 11:25 EDT

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Binance announced the appointment of Jeff Li as its new Vice President of Product during Dubai Blockchain Week on Wednesday, a move aimed at strengthening its Web3 initiatives.

With over 16 years in product leadership across Web2 and Web3, Li will lead Binance’s product and design teams, concentrating on expanding the company’s suite of blockchain solutions and ensuring broader access to these technologies.

Jeff Li’s Extensive Background in Product Innovation

Li brings substantial experience in technology and finance, having served as Vice President and Global Head of Centralized Finance (CeFi) Product at a leading cryptocurrency exchange before joining Binance.

In his prior role, he managed diverse product areas, including retail, institutional finance, and AI, with a focus on driving innovation in financial services.

Additionally, he has held prominent positions at TikTok, where he led the Money and Compliance Platform, as well as at Instagram, Twitch, and Oracle, where he contributed to large-scale growth and product advancements.

His extensive background aligns well with Binance’s mission of fostering Web3 adoption and improving accessibility within the crypto sector.

Li’s appointment has been met with support from Binance’s executive team.

Richard Teng, CEO of Binance, commented, “We are thrilled to welcome Jeff to the Binance team. He brings a wealth of experience in product development from some of the world’s most renowned tech companies, consistently demonstrating his ability to deliver innovative solutions.”

Teng added that Li’s leadership will be crucial to Binance’s mission of advancing accessible blockchain products for the global crypto community.

Supporting Binance’s Product Development Strategy

In his new role, Li will oversee company’s strategic development of products across trading, payments, and Web3.

His objectives include enhancing accessibility to Web3 technology by lowering entry barriers and supporting adoption on a larger scale.

Li expressed his motivations, stating, “My primary motivation has always been to create products that both excite and benefit people. This passion made joining Binance a natural choice for me.”

Embracing Blockchain and AI Integration

Li sees vast potential in the integration of blockchain with AI, particularly in improving financial accessibility and enabling the practical use of crypto in daily life.

He remarked, “As an industry leader, Binance is uniquely positioned to unlock this potential and demonstrate its benefits to users.”

Li’s addition to the team reinforces Binance’s commitment to advancing the industry and broadening the applications of blockchain globally.