Binance, the world’s largest crypto exchange by trade volume, but recently in trouble, has announced the new CEO for its US subsidiary.
New CEO Announced
A new name has been announced for the CEO position of Binance US, which returns to the snake story. In a statement made by Binance US, by Brian Shroder announced that he is the new CEO of the company.
The main development that made this announcement stand out was the recent public offering of Binance US, emphasizing that Brian will prepare the company for its next phase.
We’re excited to announce the appointment of Brian Shroder as CEO of https://t.co/AZwoBOy3iq. Brian will lead the company through our next stage of growth, as we continue to add new products and services for our customers.⁰⁰ https://t.co/HxSBFt1eF5 pic.twitter.com/Y5xCpjnSBt
— Binance.US 🇺🇸 (@BinanceUS) October 8, 2021
After the public offering of Coinbase, the largest cryptocurrency exchange in the USA, the eyes were turned to Binance and its affiliates.
Binance CEO Changpeng Zhao also implied in his statement on the subject that they are looking forward to the IPO plan.
Binance US, which had a great reaction with the resignation of Brian Brooks, the former chairman of OCC, one of the leading regulators of the USA, from his position as CEO and the resignation of the first CEO just before that, now seems to try its chance with the new CEO.
Shroder previously served as head of Strategy and Business Development at Uber.
It was announced that Joshua Sroge, who was the current CFO after the election of the CEO, was also replaced and Eric Segal will now be the CFO. This shows that Binance US has undergone a serious managerial change.
The IPO of Coinbase has been quite positive for the market. The same move by Binance will be very positive for the market.