The US branch of the world’s largest crypto exchange by trading volume is hiring a former PayPal executive as its new chief financial officer.
In a new blog post, Binance.US is naming Jasmine Lee, a former executive of investing application Acorns and payments giant PayPal, as its new CFO.
Binance.US CEO Brian Shroder says that Lee’s over 20 years of experience should help the firm eventually carve out a path to an initial public offering (IPO).
Says Shroder,
“Jasmine is a rare talent who possesses more than 20 years of deep knowledge in both fintech and high growth startup environments. Her experience at Paypal, a public Fortune 500 company, in particular, will be invaluable as we chart our path to an IPO in the coming years.
Binance.US entered the current crypto market environment from a position of strength, with significant capital, active hiring plans, and a robust pipeline of new value-add products and services. We are pleased to continue to execute our growth strategy with Jasmine as a key part of the executive team.”
Last month, Binance.US began offering zero-fee trading for leading digital asset Bitcoin (BTC), a feature which the newly-appointed CFO says is a positive.
“I am thrilled to be joining Binance.US at this exciting moment as the company introduces new offerings – including zero-fee trading, a bold customer-centric move that will fuel user growth – and continues to launch new products. I look forward to building out a best-in-class finance department at Binance.US that lays a strong foundation for continued growth and our path to a future IPO.”
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Featured Image: Shutterstock/prodigital art/Dario Lo Presti
Source: https://dailyhodl.com/2022/07/10/binance-us-shooting-to-go-public-with-hire-of-new-cfo-says-chief-executive/