Binance.US welcomes former acting Comptroller of the Currency Brian P. Brooks as CEO

By Pavithra R

Binance.US, a leading United States-based digital asset marketplace has announced the joining of former Acting Comptroller of the Currency Brian P. Brooks as the company Chief Executive Officer (CEO), effective May 1, 2021.

From May 2020 to January 2021, Mr Brooks served as Acting Comptroller of the Currency, where he was the administrator of the federal banking system and the chief executive of the federal agency responsible for chartering and supervising banks comprising 70% of all banking activity in the U.S.

From 2018 to 2020, Mr Brooks served as Chief Legal Officer of Coinbase, where he led legal, compliance, internal audit, government relations, and global investigations groups at the digital asset platform. From 2014 to 2018, he served as Executive VP, General Counsel, and Corporate Secretary of Fannie Mae, a $3.2 tn asset public company that is the world’s largest investor in single-family and multifamily mortgage assets, and from 2011 to 2014, as Vice Chairman of OneWest Bank. Before joining OneWest Bank, he served as managing partner of O’Melveny & Myers LLP’s Washington, D.C. office.

Mr Brooks also serves as an adviser or board member for a number of financial and fintech companies. He received his BA from Harvard University and his JD from the University of Chicago.

“I am thrilled to be joining Binance.US at this pivotal time for the digital assets industry. We are at the cusp of mainstream adoption of blockchain technology and digital tokens by individuals, institutions, and governments alike. I look forward to working with Binance.US’s talented team to promote its culture of compliance and continue to grow its product and service offerings across markets. I am eager to work closely with industry participants and policymakers to develop an enduring regulatory framework that enables Americans to reap the benefits of decentralized finance for generations to come,” said Mr Brooks.

Binance.US, a diversified digital asset platform for institutions, s experiencing strong business momentum. In the first quarter of 2021, the company grew its registered users by four times and its daily trading volume to $1.4 bn. Since its inception in September 2019, Binance.US has launched in 43 states across the U.S. and has grown its set of listings to over 50 digital assets, including 10 DeFi listings. Currently, Binance.US offers more than 100 trading pairs with some of the lowest trading fees in America, as well as multiple execution venues for large block size positions. To date, it has traded over $65 bn of digital assets across retail and institutional clients.

“Brian is an esteemed leader with an unparalleled blend of experience across traditional financial services, government, and the digital assets industry. Binance.US’s ability to attract an executive of Brian’s caliber is a testament to the strength of its platform. His knowledge and expertise will be invaluable as Binance.US continues to expand,” said Changpeng Zhao, Founder and CEO of Binance.