Binance Exchange U.S. Hire Former Head of Liquidity from Ripple
BAM, a San Francisco regional trading service responsible for operations in Binance.US, announced on Monday that it had appointed Catherine Coley, who was in charge of liquidity at Ripple (XRP), as its new CEO. She will also serve as CEO of BAM as well as Binance.US
Catherine Coley is said to be a veteran of the fintech industry with a background in managing the institutional professional division of U.S. megabank, Morgan Stanley and the international remittance division of Silicon Valley Bank dedicated to start-ups.
The Binance Exchange, one of the world's largest cryptocurrency exchange, has been working hard to grow its presence in the U.S. and is expected to gain momentum amid its entry into the U.S. if it recruits a key executive of the new U.S. firm as CEO.
Meanwhile, based on a partnership with BAM announced in June by the head office of the Binance Exchange, Binance.US will be able to use the state-of-the-art security and matching engine. The purpose of this collaboration is to ensure the safety and compliance of American users in cryptocurrency market.
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