Richard Teng, CEO of Binance / Photo credit: Binance

For the first time, global crypto exchange firm Binance has named a board of directors, which is led by Gabriel Abed, who is the ex-Barbados ambassador to the United Arab Emirates, Bloomberg reported.

Abed will serve as chairman, with Binance CEO Richard Teng and senior executives Heina Chen, Jinkai He, and Lilai Wang serving as members.