{"id":2364,"date":"2023-09-13T05:45:25","date_gmt":"2023-09-13T05:45:25","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=2364"},"modified":"2023-09-13T05:45:27","modified_gmt":"2023-09-13T05:45:27","slug":"binance-us-ceo-steps-down-amidst-company-turmoil","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/","title":{"rendered":"Binance.US CEO Steps Down Amidst Company Turmoil"},"content":{"rendered":"\n<p>In a new twist at Binance.US, Brian Shroder, the CEO, has decided to part ways. His exit comes at a time when several top executives have already bid adieu to the company. Additionally, Binance.US is set to reduce its workforce significantly.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-top-brass-reshuffling\">Top Brass Reshuffling<\/h3>\n\n\n\n<p>Brian Shroder&#8217;s departure has led to Norman Reed, the exchange&#8217;s Chief Legal Officer, stepping up to fill the vacant CEO position. This move comes in the wake of several other notable departures from the exchange over the course of the year.<\/p>\n\n\n\n<p>Binance.US is gearing up for a significant workforce reduction. A whopping one-third of its employees, translating to over 100 positions, will face layoffs. A company representative remarked, &#8220;We&#8217;re ensuring Binance.US has a solid seven-year financial foundation. This strategy allows us to focus on serving our clientele as a dedicated crypto-only exchange.&#8221;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-binance-us-a-background\"><strong>Binance.US: A Background<\/strong><\/h3>\n\n\n\n<p>Launched in 2019, Binance.US was a strategic move to cater to American customers. This was due to the inability of US users to access Binance Holdings directly. While Binance Holdings took strides in its global expansion, its US counterpart faced turbulence. The US Securities and Exchange Commission (SEC) took a stern stand against Binance Holdings, its CEO Changpeng Zhao, and Binance.US earlier this year. Accusations ranged from mismanagement of customer assets to misleading investors and flouting securities rules.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-previous-downsizing-and-sec-s-stance\">Previous Downsizing and SEC\u2019s Stance<\/h3>\n\n\n\n<p>After the SEC\u2019s interference, Binance.US already underwent staff cuts in June. However, details about the exact number of layoffs remain under wraps. The company representative conveyed the broader impact of the SEC&#8217;s moves, stating, &#8220;The SEC\u2019s forceful efforts against our sector not only hurt our business but also hamper American innovation and job prospects, as evidenced now.&#8221;<\/p>\n\n\n\n<p>Binance&#8217;s top-tier has seen significant exits this year. Key figures like Mayur Kamat, the global product head; Hon Ng, the general counsel; Patrick Hillmann, the strategy head; and Steven Christie, Senior VP for compliance, have all left their roles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a new twist at Binance.US, Brian Shroder, the CEO, has decided to part ways. His exit comes at a time when several top executives have already bid adieu to the company. Additionally, Binance.US is set to reduce its workforce significantly. Top Brass Reshuffling Brian Shroder&#8217;s departure has led to Norman Reed, the exchange&#8217;s Chief [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30,43],"tags":[],"class_list":{"0":"post-2364","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-exchange","8":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Binance.US CEO Steps Down Amidst Company Turmoil<\/title>\n<meta name=\"description\" content=\"In a new twist at Binance.US, Brian Shroder, the CEO, has decided to part ways. His exit comes at a time when several top executives have already bid\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance.US CEO Steps Down Amidst Company Turmoil\" \/>\n<meta property=\"og:description\" content=\"In a new twist at Binance.US, Brian Shroder, the CEO, has decided to part ways. His exit comes at a time when several top executives have already bid\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-13T05:45:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-13T05:45:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-21-at-16.39.52.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1489\" \/>\n\t<meta property=\"og:image:height\" content=\"825\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Raj Sharma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Raj Sharma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/\"},\"author\":{\"name\":\"Raj Sharma\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/bbfe4a2efa58e681b4208612112f3149\"},\"headline\":\"Binance.US CEO Steps Down Amidst Company Turmoil\",\"datePublished\":\"2023-09-13T05:45:25+00:00\",\"dateModified\":\"2023-09-13T05:45:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/\"},\"wordCount\":340,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-21-at-16.39.52.png\",\"articleSection\":[\"Exchange\",\"General News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/\",\"name\":\"Binance.US CEO Steps Down Amidst Company Turmoil\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-21-at-16.39.52.png\",\"datePublished\":\"2023-09-13T05:45:25+00:00\",\"dateModified\":\"2023-09-13T05:45:27+00:00\",\"description\":\"In a new twist at Binance.US, Brian Shroder, the CEO, has decided to part ways. His exit comes at a time when several top executives have already bid\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/#primaryimage\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-21-at-16.39.52.png\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-21-at-16.39.52.png\",\"width\":1489,\"height\":825,\"caption\":\"binance\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cryptometer.io\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Binance.US CEO Steps Down Amidst Company Turmoil\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"name\":\"CryptoMeter.io\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"alternateName\":\"CryptoMeter.io\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\",\"name\":\"CryptoMeter.io\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"width\":512,\"height\":512,\"caption\":\"CryptoMeter.io\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CryptoMeterIO\"],\"publishingPrinciples\":\"https:\/\/www.cryptometer.io\/news\/about-us\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/bbfe4a2efa58e681b4208612112f3149\",\"name\":\"Raj Sharma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-2-96x96.png\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-2-96x96.png\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-2-96x96.png\",\"caption\":\"Raj Sharma\"},\"description\":\"I have been involved in the blockchain industry for over 5 years and have an extensive understanding of the technology. My career in cryptocurrency started with writing articles about blockchain technology and its use cases for various publications.\",\"url\":\"https:\/\/www.cryptometer.io\/news\/author\/rajsharma\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Binance.US CEO Steps Down Amidst Company Turmoil","description":"In a new twist at Binance.US, Brian Shroder, the CEO, has decided to part ways. His exit comes at a time when several top executives have already bid","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/","og_locale":"en_US","og_type":"article","og_title":"Binance.US CEO Steps Down Amidst Company Turmoil","og_description":"In a new twist at Binance.US, Brian Shroder, the CEO, has decided to part ways. His exit comes at a time when several top executives have already bid","og_url":"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/","og_site_name":"CryptoMeter.io","article_published_time":"2023-09-13T05:45:25+00:00","article_modified_time":"2023-09-13T05:45:27+00:00","og_image":[{"width":1489,"height":825,"url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-21-at-16.39.52.png","type":"image\/png"}],"author":"Raj Sharma","twitter_card":"summary_large_image","twitter_creator":"@CryptoMeterIO","twitter_site":"@CryptoMeterIO","twitter_misc":{"Written by":"Raj Sharma","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/#article","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/"},"author":{"name":"Raj Sharma","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/bbfe4a2efa58e681b4208612112f3149"},"headline":"Binance.US CEO Steps Down Amidst Company Turmoil","datePublished":"2023-09-13T05:45:25+00:00","dateModified":"2023-09-13T05:45:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/"},"wordCount":340,"publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-21-at-16.39.52.png","articleSection":["Exchange","General News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/","url":"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/","name":"Binance.US CEO Steps Down Amidst Company Turmoil","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/#primaryimage"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-21-at-16.39.52.png","datePublished":"2023-09-13T05:45:25+00:00","dateModified":"2023-09-13T05:45:27+00:00","description":"In a new twist at Binance.US, Brian Shroder, the CEO, has decided to part ways. His exit comes at a time when several top executives have already bid","breadcrumb":{"@id":"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/#primaryimage","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-21-at-16.39.52.png","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-21-at-16.39.52.png","width":1489,"height":825,"caption":"binance"},{"@type":"BreadcrumbList","@id":"https:\/\/www.cryptometer.io\/news\/binance-us-ceo-steps-down-amidst-company-turmoil\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cryptometer.io\/news\/"},{"@type":"ListItem","position":2,"name":"Binance.US CEO Steps Down Amidst Company Turmoil"}]},{"@type":"WebSite","@id":"https:\/\/www.cryptometer.io\/news\/#website","url":"https:\/\/www.cryptometer.io\/news\/","name":"CryptoMeter.io","description":"","publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"alternateName":"CryptoMeter.io","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cryptometer.io\/news\/#organization","name":"CryptoMeter.io","url":"https:\/\/www.cryptometer.io\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","width":512,"height":512,"caption":"CryptoMeter.io"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/CryptoMeterIO"],"publishingPrinciples":"https:\/\/www.cryptometer.io\/news\/about-us\/"},{"@type":"Person","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/bbfe4a2efa58e681b4208612112f3149","name":"Raj Sharma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-2-96x96.png","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-2-96x96.png","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-2-96x96.png","caption":"Raj Sharma"},"description":"I have been involved in the blockchain industry for over 5 years and have an extensive understanding of the technology. My career in cryptocurrency started with writing articles about blockchain technology and its use cases for various publications.","url":"https:\/\/www.cryptometer.io\/news\/author\/rajsharma\/"}]}},"jetpack_featured_media_url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-21-at-16.39.52.png","_links":{"self":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/2364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/comments?post=2364"}],"version-history":[{"count":1,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/2364\/revisions"}],"predecessor-version":[{"id":2366,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/2364\/revisions\/2366"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media\/2308"}],"wp:attachment":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media?parent=2364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/categories?post=2364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/tags?post=2364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}