Latest Crypto Recruiting: Binance.US Hires CFO to Plan IPO Path

Latest Crypto Recruiting: Binance.US Hires CFO to Plan IPO Path

Binance.USappointed Jasmine Lee to become his chief financial officer. She comes from Acorns, a micro-investing app company, where she was Chief Financial Officer and Chief Operating Officer.

Prior to Acorns, she was CFO and COO for the consumer products group at PayPal. During her eight years with the company, she held various leadership roles, contributing to growth through strategic partnerships, pricing initiatives and new business acquisitions.

“Jasmine is a rare talent who has more than 20 years of deep knowledge in both fintech and high-growth startup environments,” Binance.US CEO Brian Shroder said in a statement. “In particular, her experience at PayPal, a publicly traded Fortune 500 company, will be invaluable as we navigate our path to an [initial public offering] in the coming years.”

A spokesperson for Binance.US declined to comment on specific plans for an IPO.

Ted Lin who was the Chief Growth Officer atBinance– the larger, global sister of Binance.US – left the crypto exchange after about five years with the company. He shared in LinkedIn and Twitter posts on July 1 that he wants to spend more time with his family, but noted that he wants to further advance the ecosystem through angel investing and mentorship.

“The last 5 years have been the busiest but most intellectually rewarding years of my career,” Lin wrote. "The experience was eye-opening and humbling. By bootstrapping multiple teams and initiatives on the rocket ship, I learned many valuable lessons in business and life."

Before becoming head of international markets at Binance in September 2017, Lin was general manager of sales and marketing at Infortrend Technology, according to his LinkedIn profile.

A Binance spokesperson did not immediately comment on Lin’s replacement.

TheAlgorand Foundationadded two executives this week, one of whom spent more than 20 years at JPMorgan.

The organization that helps run the money supply economy, decentralized governance and open source ecosystem of the Algorand blockchain named Eric Wragge its global head of business development and capital markets. It also appointed John Woods as Chief Technology Officer.

Wragge spent around two decades at JPMorgan, most recently as Managing Director in Structured Finance and Head of Asset-Backed Securities for Northern Europe. In addition to leading global initiatives and strategic partnerships in traditional capital markets and decentralized finance, Wragge will chair the Algorand Foundation's Investment Committee in his new role.

As CTO, Woods will focus on removing friction from the developer user experience and improving the training of these users, as well as adding tools and resources for building applications on Algorand.

In the meantime Keli Callaghan who most recently served as Algorand's Chief Marketing OfficerArrington Capitalas a partner.

The company, which has more than $1 billion in assets under management, has invested in digital assets and Web3 since 2017. It was founded this year by Michael Arrington, founder of TechCrunch and Crunchbase, and Heather Harde, CEO of TechCrunch.

Callaghan will help grow the fund through increased brand awareness, community engagement and support of the Web3 companies in Arrington's portfolio.

Switzerland-based Crypto ETP issuerbraveryrented Marco Infuso to lead the global sales of its ETPs as Chief Sales Officer.

Infuso has held various positions in asset management over the past two decades, including at DZ Bank, Pioneer Investments Lombard Odier and Commerzbank. Most recently, he was managing director and head of Germany at 21Shares, the world's largest crypto ETP issuer.

Alongside the addition of Infuso, the company announced this Diana Bigges is stepping down from her role as Chief Strategy Officer to pursue other opportunities. Biggs told Blockworks that she will remain in the position until the end of October. She declined to comment on where she is headed.

Crypto exchangeGate.ionamed executive vice president, having previously driven global brand operations and management at companies such as Google and WeWork.

Tom Yangwill focus on increasing Gate.io's market share in key and emerging markets around the world, increasing its brand presence and strengthening the exchange's relationships with users and partners, he said in a statement.

Brazil-based fintech company and digital bankNeonrented Andre Madeira as Chief Technology Officer.

Madeira sold his artificial intelligence-based fintech startup Meemo to Coinbase last year, where he recently oversaw consumer-focused data products. He also spent nearly a decade building and leading engineering and data operations and teams at Google and Snap, where he served as Senior Staff Software Engineer and Director of Engineering, respectively.

In case you missed it

As Blockworks previously reported,Jason FunTikTok's former head of gaming founded a blockchain infrastructure companyMeta0which aims to connect different metaverses.

Celsius NetworkAdded finance managerDavid BarseandAlan Jeffrey Carras directors, according to a filing Wednesday. The crypto lender also recently canceledGilbert Nathan,John Stephen DubelandLaurence Anthony Tosias directors.

Layoffs across the industry also continued.

Compass miningis cutting employees after former CEO Whit Gibbs and CFO Jodie Fisher resigned. The company's recently appointed interim CEOs Thomas Heller and Paul Gosker said the size of the team would be reduced by 15%, admitting Compass Mining had "grown too quickly."

Peng Zhong, CEO of Cosmos blockchain developer Ignite, said last Friday that he had officially left the company. The company's workforce was reduced by over 50%, CoinDesk reported.

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The post Latest in Crypto Hiring: Binance.US Hires CFO To It Chart IPO Path is not financial advice.