Binance.US hires new CEO as exchange pursues growth in 'crypto capital of the world'
Quick Take
- Former Currency.com CEO Stephen Gregory replaces Norman Reed as Binance.US’s chief executive.
- Once in the crosshairs of U.S. authorities, including the Department of Justice, Binance and its founder and ex-CEO now maintain a rehabilitated relationship with the American government.
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Binance.US has hired a new chief executive officer as the exchange eyes growth in the United States, perhaps the world's most lucrative digital-asset market.
Former Currency.com CEO Stephen Gregory has been appointed Binance.US's new chief executive, the company said Wednesday. The move comes slightly more than a year after Binance.US restored customers' fiat deposits and withdrawals for U.S. customers. In 2023, the exchange had to suspend U.S. dollar deposits and withdrawals amid allegations of violating securities laws.
"Mr. Gregory is a lawyer who has become a leading expert in digital assets compliance and regulatory matters, having served as compliance leader at Gemini and CEX.io," Binance.US said in its statement.
"I am honored to lead the Binance.US team as we write the next chapter for the best platform for U.S. crypto investors to buy, trade, and earn digital assets," Gregory said. "The Binance.US brand is extremely powerful, with a founder, Changpeng Zhao (CZ), who has continuously advocated to make the U.S. the crypto capital of the world."
Gregory replaces interim CEO Norman Reed, who previously worked at both the U.S. Securities and Exchange Commission and Ripple before joining Binance in 2023.
"As we look to the next phase of growth for Binance.US, Stephen brings an entrepreneurial approach to leadership that I am confident will deliver for our customers in a meaningful way," Reed said. "I am proud of the work we have accomplished together to offer a compliant, U.S. regulated home for digital assets."
Once in the crosshairs of U.S. authorities, Binance and its founder and ex-CEO now maintain a rehabilitated relationship with the American government. Last October, President Trump pardoned Zhao.
Binance — the global exchange that does not officially operate in the U.S. — is widely considered the world's largest cryptocurrency exchange by spot trading volumes. Binance.US likely trails top U.S. exchanges like Coinbase and Kraken by a wide margin in terms of American customers.
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