Binance US President and CEO Brian Shroder has resigned from the company, according to a Bloomberg report subsequently confirmed by Decrypt on Tuesday. The news of his departure comes as Binance CEO Changpeng ‘CZ’ Zhao has worked to dismiss negative news or FUD (Fear, Uncertainty, and Doubt) about his crypto empire.

Taking over Shroder’s position is Binance US Chief Legal Officer Norman Reed. In addition to Shroder’s departure, Binance US is going through another round of layoffs, cutting over 100 positions, one-third of its staff.

Launched in 2019, Binance US is the Florida-based U.S. arm of the Binance trading ecosystem. While Binance US does not have the volume of its parent company, it allows US citizens access to the Binance brand when they would otherwise be cut off due to legal restrictions.

Binance has lost other top executives this year, including global head of product Mayur Kamat, general counsel Hon Ng, chief strategy officer Patrick Hillmann, and SVP for compliance Steven Christie.

Shroder Go to Source to See Full Article
Author: Jason Nelson

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