Changpeng Zhao, Shroder’s experience in the FinTech sector is expected to go a long way in supporting Binance.US
‘s plans for the coming years.
The world’s largest exchange, Binance, announced that Brian Shroder will take over as the new President/CEO of Binance.US,
taking over the position held until a few weeks ago by Brian Brooks.
Brian Shroder assumes the presidency of Binance.US
The information was shared by Binance
its official channels, and the announcement stands out especially because this would be the third CEO to assume the presidency of Binance.US
since its creation in 2019, positions originally held by Catherine Coley until 2021, and by Brooks who lasted only a few months.
According to analysts, the choice of Shroder for this position has strategic purposes precisely because he was part of the board of Ant Group and Uber in Asia, so he will bring all his experience working in the FinTech
sector to support the deployment of Binance.US operations in the United States, while supporting the company’s plans to go public on the stock exchange in the coming years.
Commenting on his appointment, Shroder said
“It is clear to me that Binance.US has all the right ingredients to become the largest and most successful digital asset and cryptocurrency exchange in the United States. I look forward to sharing our exciting story with the broader investment community as we begin our journey to IPO.”
Among the duties that Shroder will especially take on, Binance.US said he will oversee “strategy and execution of plans, fundraising, business and corporate development; as well as management of the company’s legal, human resources, and product and technology functions.”
The arrival of Shroder to Binance.US
would come to support the expansion plans contemplated for the company in the U.S., especially after the departure of Brooks due to differences regarding the direction they should take to address certain goals.
A report published at the time by the New York Times revealed that l
Brooks’ departure came after Binance CEO Changpeng Zhao (CZ) reneged on a plan to make Binance.US a much more autonomous company through board changes and a new fundraising round.
While analysts, enthusiasts and Shroder himself claim that Binance.US is compliant with the respective regulations, the company has encountered several legal and regulatory snags in other latitudes, especially in the UK as well as countries in Europe and Asia.
Version by Angel Di Matteo / DiarioBitcoin
Image by Unsplash