According to Changpeng Zhao, Shroder’s experience in the sector is expected to Fintech be of great help in supporting plans for Binance.US for the next few years.
The exchange with the largest volume of operations internationally, Binance, announced that Brian Shroder will take over as the new President / CEO of Binance.US, taking the vacancy that Brian Brooks occupied until a few weeks ago.
Brian Shroder assumes the presidency of Binance.US
The information was shared Binance through 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 inception in 2019, positions originally held by Catherine Coley until 2021, and by Brooks who lasted only a few months.
According to analysts, the election of Shroder to this position has strategic purposes precisely because he was part of the board of directors of Ant Group and Uber in Asia, so he will bring all his work experience in the sector Fintech to support the deployment of Binance.US operations in the United States, in turn supporting the company’s plans to go public on the stock exchange in the coming years.
Regarding his appointment, Shroder commented:
“It is clear to me that Binance.US has all the right ingredients to become the largest and most successful cryptocurrency and digital asset exchange in the United States. I look forward to sharing our exciting story with the broader investment community as we begin our IPO journey. ”
Among the tasks that Shroder will especially assume, Binance.US indicated that he will supervise “Strategy and plan execution, fundraising, business and corporate development; as well as the management of the legal functions, human resources and products and technology of the company ”.
Shroder’s arrival at Binance.US would come to support the expansion plans contemplated for the company in the United States, especially after the departure of Brooks due to differences with respect to the course they should take to address certain goals.
A report published at the time by the media New York Times revealed that Brooks’s departure took place after the CEO of Binance, Changpeng Zhao (CZ) breached a plan to make Binance.US it became a much more autonomous company through changes to its board of directors and a new fundraising round.
While analysts, enthusiasts and Shroder himself assure that Binance.US complies with the respective regulations, the company has encountered various legal and regulatory inconveniences in other latitudes, especially in the United Kingdom as well as in countries in Europe and Asia.
Source: Decrypt, Blockworks
Version by Angel Di Matteo / DailyBitcoin
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