Two more managers at Binance US are reportedly quitting amid another round of layoffs at the troubled cryptocurrency exchange. The departures come while Binance’s U.S. trading platform for digital assets is still under heightened regulatory pressure that has damaged its business.
Binance US Legal and Risk Executives Depart as Crypto Trading Firm Cuts More Jobs
Risk and legal executives are leaving Binance US, the American subsidiary of the world’s largest crypto exchange, the Wall Street Journal revealed in report which follows this week’s news of the departure of the platform’s chief executive officer.
The entity’s Head of Legal Krishna Juvvadi and its Chief Risk Officer Sidney Majalya are quitting their posts, the daily wrote in an article on Thursday, quoting sources with knowledge of the changes in the trading platform’s management.
On Tuesday, Bloomberg reported that Binance US CEO Brian Shroder has also vacated his position and will be replaced by an interim appointme
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