Binance.US Hires Ant Group Exec to Succeed Ex-CEO Brian Brooks

Brian Shroder’s brother, Matt Shroder, also works for Binance, as a vice president heading up the global markets team in Singapore.

AccessTimeIconSep 9, 2021 at 4:00 p.m. UTC
Updated May 11, 2023 at 7:02 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Binance.US, the American arm of the world’s largest cryptocurrency exchange, is continuing its mission to beef up its leadership following the sudden departure last month of CEO Brian Brooks.

The company announced Thursday that it hired Brian Shroder as president of the exchange and also made him a board member. Shroder was formerly a strategist and business development executive at Ant Group, an affiliate company of Chinese internet giant Alibaba.

  • What Challenges Do Appchains Solve?
    00:59
    What Challenges Do Appchains Solve?
  • Appchain Protocol Tanssi Raises $6M
    18:57
    Appchain Protocol Tanssi Raises $6M
  • Breaking Down Internet Computer's 40% Rally
    00:59
    Breaking Down Internet Computer's 40% Rally
  • HSBC Brings Tokenized Gold to Hong Kong; Munchables Exploited for $62M
    02:14
    HSBC Brings Tokenized Gold to Hong Kong; Munchables Exploited for $62M
  • The former Uber executive will oversee fundraising, business and corporate development, as well as manage the company’s human resources and legal matters, said Binance.US.

    The positive spin for Binance.US is that this hire will carry on bolstering the firm’s recently announced intention to go public, which Shroder alluded to in a statement: “I look forward to sharing our exciting story with the broader investment community as we begin our journey towards IPO,” he said.

    However, the harsh reality is that Binance.US’s star regulatory hire, Brooks, a former chief of the Office of the Comptroller of the Currency (OCC), departed the exchange after just four months, amid a global regulatory assault on parent company Binance.com.

    Asia connection

    Shroder’s brother Matt Shroder, also works for Binance, as a vice president heading up the global markets team for Binance out of Singapore.

    According to Josh Goodbody, chief operating officer of crypto custody firm Qredo, Shroder’s appointment is a shrewd move by Binance.US to bring in an executive with experience in doing business in Asia. Another objective will be facing off stiff competition in the U.S. market, with firms like FTX aggressively winning market share, he said. Goodbody was formerly director of growth for Binance’s European and Latin American markets.

    “Despite being an independent company, Binance.US’ success is inextricably linked to its relationships with the Binance Group, an organization with its leadership and deep roots in Asia,” Goodbody told CoinDesk via Telegram, adding:

    “Knowing how to navigate this business culture, whilst building an increasingly regulated business in the U.S., is a key skill Shroder will need to exercise.”

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Ian Allison

    Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.