Stephen Gregory, a seasoned compliance executive from Gemini and CEX.IO, has been appointed CEO of Binance.US. The crypto exchange is now strategically positioned for expansion within the United States.
Gregory assumes the role from former CEO Norman Reed, who will transition to an advisory capacity. Gregory's background includes leading crypto exchange Currency.com and holding key compliance positions at CEX.IO and Gemini.
Previously facing a lawsuit from the SEC in 2023 concerning unregistered operations, Binance.US saw the commission dismiss its case with prejudice in May. This development follows the company's reinstatement of U.S. dollar deposits and withdrawals last year.
Binance.US plans to broaden its offerings, including enhanced crypto staking services and the introduction of decentralized finance and tokenized asset solutions. The exchange aims to expand beyond core trading services, mirroring trends seen across the broader digital asset sector.