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Binance.US has recently appointed a new Chief Executive Officer, Brian Shroder, following a string of new appointments by Binance. In September, he was named President of the cryptocurrency exchange platform. Among other things, Shroder was in charge of the company’s strategy and execution during his time there.
Commenting on his new position, Shroder noted,
“In my short time with Binance.US, I have already seen the tremendous potential the company has for rapid growth in the United States.”
The new CEO was appointed months after the departure of the previous CEO, Brian Brooks, who held the position for four months before resigning due to disagreements over strategic direction. The timing of Brooks’ departure was critical, as Binance soon faced regulatory constraints around the world.
Shroder, Brooks’ namesake, previously served as Uber’s Asia Pacific head of strategy and business development, as well as a principal at Boston Consulting Group (BCG), where he spent six years. Shroder added that as Binance.US filled a gap in its organisation,
“It is truly a privilege…I look forward to growing our team…to expand our products and services and begin our initial first steps on our pathway to IPO.”
Meanwhile, Eric Segal will act as the Interim Chief Financial Officer [CFO] and replacing Joshua Sroge as the present CFO, who will be exiting the company.
These appointments followed Binance’s decision to wind down its derivatives services in South Africa. The crypto exchange has been facing global pushback for some of its services and as it tries to revive from the same, Binance may need to appease the regulators.