Brian Schroeder, head of Binance’s American division, announced his appointment. CFO Jasmine Lee. She previously worked for PayPal for eight years.

Jasmine, the newest member of our executive team, #BinanceUS To move towards an IPO in the next 2-3 years.

i talked to @AnneSraders from @FortuneMagazine full story only:https://t.co/hjbTdR3Xhd

— Brian Shroder (@BrianShroder) 7 July 2022

At the payments giant, Li has held several senior positions, including CFO and CFO. COO. He then started working at the fintech company Acorns.

“A new addition to our team, Jasmine will help guide Binance.US’s efforts. public offering in the next two to three years,” said Schroeder.

Lee’s experience with PayPal will be “invaluable” for the bitcoin exchange, he said. In the new position, the specialist will oversee financial transactions, investor relations and other matters.

Binance.US was launched in the US in 2019. Schroeder took over as CEO in October 2021. Replaced the old head in this article OCC Brian Brooks, who has been with the company for about three months.

Binance.US’ plans to hold a funding round circulated in the media in September. In late November, parent company CEO Changpeng Zhao announced the US subsidiary’s plans to raise $200 million ahead of the listing.

In April 2022, Binance.US raised $200 million at a valuation of $4.5 billion during a seed round. In June, journalists learned of Binance’s American division’s plans to raise another $50 million.

According to the Wall Street Journal, the US Securities and Exchange Commission has launched an investigation into ties between Binance.US and the two trading firms affiliated with Zhao.

In June, a lawsuit was filed against American platform Binance on behalf of investors LUNA and TerraUSD (UST).

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