Binance.US appoints new CEO ahead of IPO

Cryptocurrency exchange

Binance.US has appointed a new CEO, following the resignation of its chief executive after just months on the job. Sponsored Sponsored

Former Ant Group and Uber executive Brian Shroder will oversee strategy, execution, fundraising, business and corporate development for Binance.US

. He will also be responsible for managing its legal aspects, human resources, and product and technology functions, the company reported.

Shroder was head of development and global partnerships at Ant Group, also overseeing the company’s operations in Southeast Asia. Prior to that, he served as head of strategy and business development for Uber in the Asia-Pacific region for several years.

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Shroder said that

:

Looking forward to sharing our exciting story with the broader investment community as we begin our IPO journey.

IPO despite scrutiny

The U

.S. exchange shares a name with Binance Holdings, and its CEO Changpeng Zhao is chairman of the board at Binance.US. Zhao recently said that Binance.US will close a funding round with “reputable investors.” He also stated that the US business, launched in 2019, plans to go public.

Based on our current trajectory, I believe we could have an extremely successful IPO in the next two to three years.
– Shroder forecast.

Additionally, Binance.US hopes to close its “first seed round by the end of the year,” he said.

Despite its ambitions, Binance Holdings has recently come under a major scrutiny magnifying glass around the world. For example, it faces a U.S. Justice Department investigation into whether its platform facilitated money laundering or tax evasion.

Financialregulators

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from several countries have also announced investigations and demanded that the exchange cease operations within their jurisdictions. It was the mounting pressure of regulatory scrutiny that led former Binance.US CEO Brian Brooks to resign after only a few months in office.

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