Former OCC chief, Brian Brooks is joining Binance.US as CEO

TL;DR Breakdown:

• Binance.US has appointed former OCC chief Brian Brooks as CEO.
• Brooks will assume his role from May 1, helping to expand Binance.US services while also remaining compliant with regulators.

The former United States banking regulator, Brian Brooks, is returning to the cryptocurrency space following a new appointment with Binance.US, the US-based arm of the largest crypto exchange. Brooks previously worked with Coinbase before he became the Acting Comptroller of the Currency. Brooks bags a rich experience across several sectors, including the crypto space and government.

Binance.US appoints Brian Brooks as CEO

Starting next month, the former OCC chief will assume the office of Chief Executive Officer at the US cryptocurrency exchange. Having worked with the OCC and Coinbase as the Chief Legal Officer, the CEO of Binance, Changpeng Zhao, sees Brooks as invaluable personnel whose “knowledge and expertise” will help to expand Binance.US operation and service offerings. 

“We are at the cusp of mainstream adoption of blockchain technology and digital tokens by individuals, institutions, and governments alike,” said Brian Brooks. “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.”

Binance.US records more trading volume

Brian Brooks is joining Binance.US as the exchange records an increase in registered users and trading volume. Binance.US was launched in 2019, and it’s currently available in about 43 states in the country. The exchange reportedly recorded about $1.4 billion and 4x growth in registered users within the first quarter of 2021. Overall, more than $65 billion worth of cryptocurrencies has been traded on the exchange.

“Binance.US’s ability to attract an executive of Brian’s caliber is a testament to the strength of its platform,” said Binance CEO.