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Binance’s Zhao Pushed to Shutter US Exchange Ahead of Lawsuits
Binance's founder and CEO, Changpeng Zhao, has considered shuttering the US affiliate of the crypto exchange earlier this year to protect the broader global operations, according to a report by The Information. However, Zhao's decision was blocked by Brian Shroder, CEO of Binance.US. Though officially not confirmed, the board of directors of the US unit of Binance voted on the proposal to close the company. Though Zhao has no executive role in that US entity, he still sits on the board as the Chair. Binance refused to comment on the report. Binance, the largest global crypto exchange in terms of trading volume, ... (full story)