CoinMarketCap’s chief technique officer and performing CEO Carylyne Chan is leaving the well-known crypto market knowledge website — along with two of her colleagues, Jeremy Seow and Spencer Yang.
Chan, who has labored at CMC since January 2018, publicly announced her departure on Aug. 31. She had stepped in as interim CEO shortly after CMC was acquired by Binance in April of this 12 months.
Seow, for his half, has been CMC’s vice chairman of merchandise since June 2019, the identical month that Yang joined as vice chairman of operations, development and income.
In an interview with Cointelegraph, Chan stated that she is leaving the agency with the hope that CMC will assume a extra outstanding position in cryptocurrency schooling. A cornerstone of the technique she laid out for the close to function was “CMC Alexandria” — a brand new academic part of CMC that goals to orient newcomers to cryptocurrency.
Chan sketched out her imaginative and prescient of cryptocurrency as a cooperative and community-led “revolution,” which nonetheless requires vital collective efforts earlier than it may well break by means of and “cross the chasm” to widespread use.
“Apart from shedding light on the complicated inner workings of crypto, I believe that there is also a lot more that we need to do to make the actual use of the technology easier. We’ve all known for a while that better user experiences and simplified interfaces and products will be key to ramping up adoption of crypto,” Chan stated.
In her departure letter to the CMC neighborhood, Chan famous that she had personally employed and skilled over 1 / 4 of CMC’s almost-50 particular person group. During her tenure, she performed a outstanding half in the website’s push to elicit extra clear disclosures and accountability from initiatives in the cryptocurrency house.
This included the Data Accountability & Transparency Alliance and the introduction of latest metrics and scores to enhance the integrity of information and quantity reporting on the website.
In spring 2019, CMC launched two cryptocurrency benchmark indices on Nasdaq, Bloomberg, and Refinitiv (Thomson Reuters) as a part of the website’s efforts to carry knowledge on cryptocurrency property to “mainstream” platforms.
“Over time, I hope that we address the misconceptions that the public may have about the crypto space,” stated Chan. “This will happen over time, as the utility of various crypto products, and crypto-based derivatives gain prominence, and show their true potential in the wider economy.”
Cointelegraph reached out to CoinMarketCap to investigate into who could be changing the departing executives. In response, a consultant wrote that the website shall be “sharing more updates soon.”