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.
[adinserter block="1"]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.”
Follow us on X, Facebook and TelegramFeatured Image: Shutterstock/prodigital art/Dario Lo Presti