Binance.US CEO Resigns, Cites Differences in Strategic Direction

Barely four months after Brian Brooks became CEO of Binance.US, he has announced his retirement. The announcement he made in a tweet, cited differences over strategic direction among the internal staff as the reason for the resignation.

This development comes shortly after a similar event in which the director of Binance Brazil resigned suddenly after six months on the post.

As a backup to the tweet, Brian Brooks confirmed his resignation in an email, stating that his Twitter account didn’t suffer a hack.

Binance CEO, Cheng Zhao has since released a statement addressing the abrupt resignation, stating that the development won’t affect Binance.US customers in any way. However, he doesn’t hint at any successor to the former CEO.

Following a bullish week for the crypto market, Bitcoin has broken $46,000 in a strong bullish run. Bitcoin is up 21% on the 7-day chart.

Other coins have responded appropriately, with Ethereum and Dogecoin up by nearly 29% and 36% respectively.

This upsurge pushed the global market capitalization to $1.91 trillion, a near 6% increase over the previous day.

Bitcoin remains the largest coin by market capitalization, maintaining a market cap of over $864 billion. This lead keeps its dominance at 45%.

Author: Raji Sakiru

Raji Sakiru writes articles for blogs. He likes cats and playing football.