Ripple’s Former Exec Will Be Leading Binance’s US Crypto Exchange, Hired by BAM Trading Services

  • Binance will soon be launching a cryptocurrency platform for US-based trading.
  • The new head of this cryptocurrency exchange will be Catherine Coley.

Binance is preparing to launch their new cryptocurrency exchange in the United States called BAM Trading Services, which was only announced a few weeks ago.

The move happened around the same time that chose to block access for all US-based customers. Now, in an announcement from BAM on Tuesday, it appears that the exchange has chosen the lead on this project – former Ripple Head Of XRP Institutional Liquidity – Catherine Coley.

As reported by The Block, Coley will be in charge of rolling out the US exchange and will be broadening the reach of the exchange’s marketplace in this region. Before Coley took on BAM, she was the head of XRP Institutional Liquidity at Ripple, as BAM described in the press release.

Even earlier, Coley had worked with Morgan Stanley in both Hong Kong and London before getting into the cryptocurrency and blockchain industry. At those firms, Coley handle the management for international payments and preparing startups while at Silicon Valley Bank.

Changpeng Zhao, who is both the founder and CEO of Binance, commented:

“I am confident that with Coley’s leadership and Binance’s leading technology platform, Binance.US will be able to provide valuable services to the U.S. community.”

Coley also gave a statement in the press release, saying,:

Binance as a partner to unlock more potential for the blockchain ecosystem, here in the U.S.”

Other members already with the team include Jutta Steiner, Cathie Wood, Christine Sandler, Meltem Demirors, and Marie Wieck. Taking to Twitter, Coley voiced the same sentiment to her followers.

So far, not much information has been released about BAM yet, though the Delaware Department of State’s Division of Corporations reports that it has been incorporated in the state already in February.

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