Crypto Exchange Binance.US Appoints Brian Shroder as New Presidentbr>
Binance US, the United States-based division of Binance crypto exchange, has appointed a new president, following its chief executive’s resignation after just months on the job.
In a statement, the company said that it hired Brian Shroder, who was previously an executive at Ant Group Co. and Uber Technologies Inc., to oversee the strategy, execution, fundraising, business and corporate development of Binance.US. At Ant Group, Shroder was head for business development, global partnerships. He also oversaw Ant Group’s South East Asia operations. Prior to Ant Group, Shroder served for several years as head of strategy and business development for Uber in the Asia-Pacific region.
Brian Brooks, who had been CEO, resigned recently just months into his tenure amid a slew of compliance setbacks and regulatory scrutiny tied to the crypto exchange’s sister company.
Shroder said that he is looking “forward to sharing our exciting story with the broader investment community as we begin our journey toward IPO.”
The US exchange shares a name with Binance Holdings, and its CEO Changpeng Zhao is chairman of the board at Binance.US. Zhao recently said that Binance.US would be closing a funding round with ‘reputable investors.’ He also stated that the U.S. business, launched in 2019, is planning an eventual public offering.
In response to a question from Bloomberg News, Shroder said that based on their current trajectory, he believes they could have an extremely successful IPO in the next two to three years, adding that “Binance.US would look to close its ‘first seed round by the end of the year.”