Breaking: Binance.US on-boards first-ever chief risk officer

Published by
Breaking: Binance.US on-boards first-ever chief risk officer

Binance global crypto exchange’s American affiliate firm Binance.US has on-boarded its first-ever Chief risk officer in the form of  Sidney Majalya from Intel Corp. Majalya has served as the vice president, legal, and chief compliance officer at the largest U.S. semiconductor maker and he is expected to bring his expertise into crypto regulations.

Majalys said he is looking forward to his role at Binance and belive its “not a company where I have to come in and do convincing about the importance of compliance,”

Binance.US had a major change in operations as the former CEO of the firm Brian Brooks resigned after just four months of taking up the role, citing differences over strategic direction. The crypto exchange then hired Brian Shroder, a former executive at Ant Group Co., and Uber as the new CEO.

Advertisement

Binance.US taking all measures before the IPO?

2021 has proven to be the year of the cryptocurrencies, given not just did the price of the Bitcoin and thousands of other altcoins rose to new all-time highs, but many crypto startups also raised hundreds of millions of dollars to become a unicorn. The likes of NYDIG and FTX raised near a billion dollars in 2021 alone and Binance.US might be looking to follow on the same path.

The CEO of Binance Changpeng Zhao in a recent interview has confirmed that the US affiliate platform is looking to raise a “couple hundred” million dollars in a funding round that is expected to finalize soon. The recent hiring seems to be in line with Binance’s long-term goal in the U.S.

The world’s leading crypto exchange faced a major regulatory dilemma in the middle of the year when nearly a dozen nations issued compliance warning against the exchange. When many market pundits thought Binance would succumb to the regulatory scrutiny, the exchange rose and made key changes to address the issues and is now reported to be worth billions of dollars.

Advertisement

Share
Prashant Jha

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Polymarket Hits $20B in Trading Volume, Announces Plans for Massive POLY Token Airdrop

Polymarket has surpassed $20 billion in total trading volume and has confirmed plans to launch…

October 25, 2025
  • News

James Wynn Takes XRP Long Bet After Ripple Prime Announcement

Ripple's native cryptocurrency XRP is currently defying the crypto market downturn, gaining 5% today, and…

October 25, 2025
  • News

Nasdaq-Listed Bonk Holdings Makes First Major Purchase of $32M, Nears 3% of Total Supply

Bonk Holdings Inc. (BNKK) has made its first significant acquisition of $32 million worth of…

October 25, 2025
  • News

Binance-based Meme Coin GIGGLE Fund Shoots 145% on Exchange Listing News

Giggle Fund, the charity-focused meme coin on Binance Smart Chain (BSC), has surged a massive…

October 25, 2025
  • News

ASTER Gets Major Boost as Project Launches Token Buyback Program, Expert Predicts $10 Spike

ASTER has announced a token buyback program in a bid to stabilize token prices and…

October 25, 2025
  • News

Trump Picks SEC Crypto Counsel Michael Selig to Lead CFTC Amid Crypto Oversight Push

Michael Selig is the latest candidate who has been chosen by President Donald Trump to…

October 25, 2025