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Fortune

Marco Quiroz-Gutierrez

Binance.US CEO departs and 100 employees are laid off amid clashes with regulators

Binance United States Brian Brooks Brian Shroder Changpeng CZ Zhao SEC

Former Binance.US CEO Brian Shroder. (Credit: David Paul Morris—Bloomberg via Getty Images)

Binance.US is looking for a new CEO—again.

The crypto exchange for U.S. customers said on Tuesday it would reduce headcount by about one-third, cutting 100 jobs. CEO Brian Shroder is also set to depart, leaving the company to replace its CEO for the third time since it was founded in 2019.

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