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.
Greetings #crypto community. Letting you all know that I have resigned as CEO of @BinanceUS . Despite differences over strategic direction, I wish my former colleagues much success. Exciting new things to come!
— Brian Brooks (@BrianBrooksUS) August 6, 2021
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%.