Binance.US cuts third of staff as CEO Brian Shroder leaves

Binance.US, the United States arm of the crypto exchange has cut around a third of its staff — or 100 positions — with its president and CEO Brian Shroder also departing the firm.

A Binance.US spokesperson confirmed the layoffs and Shroder’s departue to Cointelegraph, adding it took the actions to give the exchange “more than seven years of financial runway” amid its move to a crypto-only exchange.

“The [Securities and Exchange Commission’s] aggressive attempts to cripple our industry and…