Binance.US appoints Brian Shroder as new CEO


TL;DR Breakdown

  • In an announcement on its website, Binance.US appointed Brian Shroder as its new CEO.
  • Eric Segal has been appointed as the new CFO, as Joshua Sroge resigns.

Binance.US has anointed a new Chief Executive Officer (CEO) for the platform in what can be called a very controversial scenario for the US branch of the world’s biggest crypto exchange. The new CEO for Binance.US is Brian Shroder, the former President of the firm.

This crucial decision came as a surprise for many users of the platform as the reason for the departure of Brian Brooks is still not clear. But, from the looks of it, it seems that both Brians don’t share the same ideologies when it comes to the public listing of Binance.US.

Binance.US new CEO aims to achieve IPO

The former CEO of Binance.US had claimed that he has no interest in publicly listing the company and achieve an Initial Public Offering (IPO). However, after being installed as the new CEO of the firm, Brain Shroder made a statement, making his objective to publicly list the company. 

It couldn’t be clearer that the two CEOs don’t share the same ideologies when it comes to publicly list the company.

The CEO in his statement also mentioned that he sees a lot of potential in the company as he has been managing the affairs in the background for a long time. He has been involved with the firm’s legal as well as corporate relations along with fundraising and human resources. 

Along with the new CEO, the new and interim Chief Financial Officer (CFO) of the US branch is Eric Segal. The previous CFO, Joshua Sroge, has decided to leave the firm due to unknown reasons.

Brian Brooks’ resignation being eyed with suspicion

Binance.US claims that the company does not bear any resemblance to the parent company in terms of policies as it only serves the people in the United States. However, we have seen regulators in the nation increase their speculation on the exchange as they tighten their grips. It is to be noted that Binance has been facing a lot of regulatory issues currently.

Recently, Binance also closed off its derivatives trading for countries like South Africa, Hong Kong, and entire Europe. The exchange also closed services related to leveraged tokens. This increasing pressure, according to the CEO of the company, Changpeng Zhao, is a good sign for crypto adoption in the longer run.

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