Key Insights
- Binance US hires a new CFO, a former executive at Paypal and Acorns.
- Binance US’s new CFO will be in charge of accounting, financial operations, treasury and tax, and investor relations.
- Binance US is looking at an IPO in around two years.
The American American Affiliate for the popular crypto exchange platform, Binance, recently announced that it had appointed a new Chief Financial Officer {CFO} for its company. The news is coming in the assurance that the new CFO will help the company prepare for future listening.
Jasmine Lee, the new CFO for Binance US, formerly worked with Acorns and PayPal in roles similar to her current position. In Acorns, she was the Chief Operating Officer {COO} and Chief Financial Officer {CFO}. And at PayPal, where she worked before Acorns, she was the Chief Operating Officer {COO} and Chief Financial Officer {CFO}.
Read more about Binance US here.
In Binance US, she will be doing the same – Chief operating Officer{COO} and Chief Financial Officer{CFO}, reporting directly to the president and CEO of Binance US, Brian Shroder. Brian Shroder confirmed this in a statement today, emphasizing the role of the new CFO in the company’s future listing.
In his words….Her experience at Paypal, a public Fortune 500 company, in particular, will be invaluable as we chart our path to an IPO in the coming years,
To add to her role in the company, Jasmine will be in charge of accounting, financial operations, treasury and tax, and investor relations.
The spokesperson for BinanceUS was asked for more details on the company’s IPO; he said “2 -3 years.” And the company has not decided which exchange platforms it will be listing its shares on. The spokesperson for BinanceUS confirms that Coinbase, the company’s rival, has been listed on Nasdaq since April 2021.
Finally, although Binance US has already laid out plans to support the IPO in the future, it is still looking to raise more funds. The company raised funds before now at the beginning of this. It raised $200 million in its seed round at a pre-money valuation of $4.5 billion.
