Binance.US appoints ex-Ripple executive Catherine Coley as new CEO

Binance.US, the forthcoming crypto exchange of Binance in partnership with BAM Trading Services, has onboarded former Ripple executive Catherine Coley as its new CEO.

As per the announcement, Coley, who served as the head of XRP Institutional Liquidity at Ripple, will manage the launch of Binance.US and BAM’s North American market expansion.

“This is just the beginning of a long journey ahead, and I look forward to working with Binance as a partner to unlock more potential for the blockchain ecosystem here in the U.S.,” Coley said.

Before entering the crypto space, Coley worked for banking giant Morgan Stanley in Hong Kong and London in the institutional foreign exchange market and oversaw international payments and global treasury management for start-ups at Silicon Valley Bank.

Now a fintech veteran, Coley played an important role in the advancement of trading infrastructure and market development to improve the global access of digital assets since joining Ripple in 2017.

“I am confident that with Coley’s leadership and Binance’s leading technology platform, Binance.US will be able to provide valuable services to the U.S. community,” Changpeng Zhao (CZ), Binance CEO, said.

The appointment follows after Binance recently announced it will license its matching engine and wallet technologies to its US partner BAM Trading Services to launch Binance.US.

“Binance.US will be led by our local partner BAM and will serve the U.S. market in full regulatory compliance,” CZ said.

Binance is also planning to launch a cryptocurrency futures trading platform, which will initially support bitcoin at a leverage of up to 20 times.