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Binance.US President Departs as Firm Lays Off One Third of Staff Amid Uncertainty

Binance.US, the American offshoot of Binance, has laid off one third of its employees and its president, Brian Shroder, has left the firm. The company has been facing uncertainty and scaling back its operations since the Securities and Exchange Commission's lawsuit against the company. Binance.US customers are no longer able to use US dollars to purchase crypto on the platform, resulting in a significant decline in monthly volumes. Binance, the parent company, has also experienced high-profile executive exits this year and has laid off staff.

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