Binance.US (the “Company”), a leading United States-based digital asset marketplace, today announced that former Acting Comptroller of the Currency Brian P. Brooks is joining the Company as Chief Executive Officer, effective May 1, 2021.
“I am thrilled to be joining Binance.US at this pivotal time for the digital assets industry,” Mr. Brooks said. “We are at the cusp of mainstream adoption of blockchain technology and digital tokens by individuals, institutions, and governments alike. I look forward to working with Binance.US’s talented team to promote its culture of compliance and continue to grow its product and service offerings across markets. I am eager to work closely with industry participants and policymakers to develop an enduring regulatory framework that enables Americans to reap the benefits of decentralized finance for generations to come.”
Binance.US is experiencing strong business momentum. In the first quarter of 2021, Binance.US grew its registered users by four times and its daily trading volume to $1.4 billion. Since its inception in September 2019, Binance.US has launched in 43 states across the United States and has grown its set of listings to over 50 digital assets, including 10 DeFi listings. Today, Binance.US offers more than 100 trading pairs with some of the lowest trading fees in America, as well as multiple execution venues for large block size positions. To date, Binance.US has traded over $65 billion of digital assets across retail and institutional clients.
Changpeng Zhao, Founder and CEO of Binance, the world’s largest cryptocurrency exchange which licenses its matching engine and wallet technologies to Binance.US, said, “Brian is an esteemed leader with an unparalleled blend of experience across traditional financial services, government, and the digital assets industry. Binance.US’s ability to attract an executive of Brian’s caliber is a testament to the strength of its platform. His knowledge and expertise will be invaluable as Binance.US continues to expand.”
Brian P. Brooks Biography
From May 2020 to January 2021, Mr. Brooks served as Acting Comptroller of the Currency, where he was the administrator of the federal banking system and the chief executive of the 3,500-employee federal agency responsible for chartering and supervising banks comprising 70 percent of all banking activity in the United States. He also served as a member of the board of directors of the Federal Deposit Insurance Corporation and a voting member of the Financial Stability Oversight Council. Often referred to in the media as “the first fintech Comptroller” and “CryptoComptroller” for his work advancing financial innovation, Mr. Brooks led the government’s efforts to provide regulatory clarity for stablecoins, digital asset custody, and the development of blockchain payment networks, and granted the first federal bank charter to a cryptocurrency company. He also launched Project REACh, a national partnership of civil rights organizations, tech companies, and banks to promote financial inclusion through greater access to credit and capital.
From 2018 to 2020, Mr. Brooks served as Chief Legal Officer of Coinbase Global, Inc., where he led legal, compliance, internal audit, government relations, and global investigations groups at the digital asset platform. From 2014 to 2018, he served as Executive Vice President, General Counsel, and Corporate Secretary of Fannie Mae, a $3.2 trillion asset public company that is the world’s largest investor in single-family and multifamily mortgage assets, and from 2011 to 2014, as Vice Chairman of OneWest Bank, N.A. Before joining OneWest Bank, N.A., he served as managing partner of O’Melveny & Myers LLP’s Washington, D.C. office.
Mr. Brooks also serves as an adviser or board member for a number of financial and fintech companies. Mr. Brooks received his BA from Harvard University and his JD from the University of Chicago.
Binance.US is America’s home to buy, trade, and earn digital assets including Bitcoin. Delivering some of the lowest fees to move USD into over 50+ different cryptocurrencies instantly, Binance.US’s mission is to bring financial confidence and crypto literacy to more Americans. To learn more about Binance.US’s institutional support, visit: institutions.binance.us