Binance.US Chief Executive Officer Brian Shroder has left the crypto trading platform and been replaced on an iterim basis by Chief Legal Officer Norman Reed, according to a company spokesperson.
The departure comes as the company controlled by embattled digital entrepreneur Changpeng “CZ” Zhao is eliminating about one third of its workforce, or more than 100 positions, as a regulatory crackdown erodes its business. The exchange, which is formally called BAM Trading Services Inc., was started in 2019 for US users, who are prohibited from using Binance Holdings.
In March, the US Commodity Futures Trading Commission charged Binance and Zhao with “willful evasion of federal law.” The Justice Department is probing Binance as well; it hasn’t accused the company of any wrongdoing. Binance.US’s share of the global market has shrunken to about 0.6% from around 2.39% in April, according to Jacob Joseph, an analyst at researcher CCData. Monthly trading volume has fallen below early 2020 levels, he said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Enbridge names new chief legal officer and new chief administrative officerCALGARY — Enbridge Inc. has announced a pair of senior executive changes.
Read more »
Enbridge names new chief legal officer and new chief administrative officerCALGARY — Enbridge Inc. has announced a pair of senior executive changes. The company says it has hired Reggie Hedgebeth as executive vice-president, external affairs, and chief legal officer, and promoted Laura Sayavedra to senior vice-president, projects, and chief administrative officer. Both appointments are effective Jan. 1. Hedgebeth most recently served as chief legal officer with Capital Group, while Sayavedra will add responsibilities for human resources, real estate and supply chain ma
Read more »
Enbridge names new chief legal officer and new chief administrative officerEnbridge says it has hired Reggie Hedgebeth as executive vice-president, external affairs, and chief legal officer, and promoted Laura Sayavedra to senior vice-president, projects, and chief administrative officer
Read more »
Enbridge names new chief legal officer and new chief administrative officerEnbridge Inc. has announced a pair of senior executive changes.
Read more »
Enbridge names new chief legal officer and chief administrative officerEnbridge Inc. has hired Reggie Hedgebeth as chief legal officer and promoted Laura Sayavedra as chief administrative officer. Read more.
Read more »
Enbridge names new chief legal officer and chief administrative officerEnbridge Inc. has hired Reggie Hedgebeth as chief legal officer and promoted Laura Sayavedra as chief administrative officer. Read more.
Read more »