The hitherto president of Binance.US, the US division of the crypto exchange of the same name, Brian Schroeder, has taken over as CEO of the company, a position Brian Brooks left in August.
In May, Binance.US announced the appointment of Brooks as CEO of the company. However, he stepped down just three months later due to "differing views on the strategic direction of development."
It is believed Binance CEO Changpeng Zhao disagreed with Brooks' proposed plan to resolve disputes with US regulators. Brooks reportedly offered to appoint independent Binance.US board members, raise $100 million to ensure the division's financial independence and transfer Binance technologies to servers located in the United States.
Schroeder was appointed president of Binance.US in September 2021. He was previously in charge of business development at Ant Group and oversaw the company's activities in Southeast Asia. Prior to that, the specialist held the position of head of strategy and business development at Uber in the Asia-Pacific region. Schroeder stated:
"I look forward to growing our team further as we continue to expand our products and services and begin our initial first steps on our pathway to IPO."
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Binance.US has also announced its CFO Joshua Sroge will be leaving the company and will be temporarily replaced by Eric Segal.