12/14/2023 0 Comments Binance ceo singaporeColey, 32, had been the only woman to serve as CEO of a major crypto exchange, and with Brooks’s ascension, she seemingly was forced out. Recruiting Brooks was such a coup that it was even easy to overlook what it meant for his predecessor, Catherine Coley, who was named CEO of Binance.US when it launched in late 2019. So a heavyweight hire to oversee Binance’s growing U.S. This has made Binance’s founder and CEO, Singapore-based Changpeng Zhao (he goes by CZ ), a multibillionaire - not only one of the wealthiest and most powerful figures in the crypto industry, but arguably in global finance period. He was, in other words, exactly the sort of guy you’d want on your team if you were, say, girding yourself for an onslaught of increased regulatory scrutiny for crypto - which new Securities and Exchange Commission chair Gary Gensler seems to be telegraphing.īinance is the giant in the crypto trading universe: With between $20 billion and $30 billion in transaction volume over a given 24-hour period, it dwarfs its next-largest competitors (Coinbase, by comparison, handles less than a fifth of that). He assumed that position after several stints at other regulatory bodies and as chief legal officer of Coinbase, the newly public crypto exchange. arm of Binance, the largest cryptocurrency exchange in the world, abruptly announced this spring that it had hired Brian Brooks as its new CEO, it appeared to be a huge win for the company.īrooks was coming out of a term as the Acting Comptroller of the Currency, where he ran the federal agency that charters and regulates the country’s banks. Photo: Eva Marie/Bloomberg via Getty Images Former chief executive officer for Binance.US Brian Brooks at an event in June.
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