Binance appoints former Ripple executive to lead US crypto exchange initiative

Binance appointed the former head of institutional liquidity at Ripple as the lead for the exchange’s upcoming U.S. crypto exchange operator, BAM trading services.

According to a press release made by BAM Tuesday, the new CEO Catherine Coley will head up the launch of Binance’s recently announced outpost in North America, Binance .US, and subsequently BAM’s “market expansion” in the continent.

BAM highlighted Coley’s dedication “to improving global access to digital assets”—the new chief whip having worked in institutional FX for Morgan Stanley and Silicon Valley Bank prior to joining Ripple.

Binance: On the road to regulation

Coley’s appointment comes on the tail of Binance’s mid-June revelation that it would be blocking U.S.-based users from its global exchange and instead servicing them with a fully regulated, local, fiat-to-crypto platform.

The move may be seen as a major breakthrough in Binance’s aspirations for global conquest, with CEO Changpeng 'CZ" Zhao having suggested as recently as September his major crypto exchange had little interest in winning over regulators in the North American market. Read More at CryptoSlate...

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