Binance.US hires a CFO to help it map the IPO path

Binance.US appointed Jasmine Lee to be CFO. She comes from the micro-investment app company Acorns, where she was CFO and operations manager.

Prior to Acorns, she was CFO and COO of the PayPal product group. She held various leadership roles during her eight years in the company, which she helped grow through strategic partnerships, pricing initiatives and the acquisition of new businesses.

“Jasmine is a rare talent who possesses more than 20 years of deep knowledge in both fintech and high-growth startup environments,” Binance.US CEO Brian Shroder said in a statement. “Her experience with PayPal, a public Fortune 500 company, will be especially invaluable as we chart our path to a [initial public offering] in the following years.”

A spokesman for Binance.US declined to comment on any specific plans for publication.

Ted Linwho was growth manager at Binance – the bigger, global sister of Binance.US – left the crypto exchange after about five years in 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 seems to continue to promote the ecosystem through angel investments and mentorship.

“The last 5 years have been the busiest but most intellectually rewarding years of my career,” Lin wrote. “The experience has been eye-opening and humiliating. Having set up several teams and initiatives on the rocket ship taught me many valuable lessons in business and in life.”

Prior to becoming Binance’s Head of International Markets in September 2017, Lin was General Sales and Marketing Manager for Infortrend Technology, according to his LinkedIn profile.

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

The Algorand Foundation added two executives this week, one of whom spent more than 20 years at JPMorgan.

The organization, which helps drive the Algorand blockchain’s money supply economy, decentralized management and open source ecosystem, is called Eric Wragge its global leader in business development and capital markets. In addition, it appointed John Woods as Chief Technology Officer.

Wragge spent about two decades at JPMorgan, most recently working as CEO of Structured Finance and Head of Securities with Securities in Northern Europe. In addition to leading global initiatives and strategic partnerships in traditional capital markets and decentralized finance in its new role, Wragge will chair the Algorand Foundation’s Investment Committee.

As CTO, Woods is set to focus on removing friction from developers’ user experience and improving the education of these users, as well as adding tools and resources to build applications on Algorand.

Meanwhile Keli Callaghanwho most recently worked as Algorand’s marketing manager, has joined Arrington Capital as a partner.

The company, which has more than $ 1 billion in total assets, has been investing in digital assets and Web3 since 2017. It was founded that year by TechCrunch and Crunchbase founder Michael Arrington and former TechCrunch CEO Heather Harde.

Callaghan will help grow the fund through increased brand awareness, community involvement and support for the Web3 companies in Arrington’s portfolio.

Switzerland-based Crypto ETP issuer Valor employee Marco Infuso to lead the global sales of its ETPs as sales manager.

Infuso has worked in a number of asset management roles over the past two decades, including DZ Bank, Pioneer Investments Lombard Odier and Commerzbank. He was most recently CEO and head of Germany at 21Shares, the world’s largest crypto-ETP issuer.

In addition to Infuso’s addition, the company announced it Diana Biggs withdraws from the role of strategy manager 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 going.

Crypt exchange Gate.io Appointed Executive Vice President, who has previously run global brand operations and management in companies including Google and WeWork.

Tom Yang will focus on increasing Gate.io’s market share in important 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 banking Neon employee André Madeira as Chief Technology Officer.

Madeira sold its artificial intelligence-driven fintech startup Meemo last year to Coinbase, where it recently oversaw consumer-facing computer products. He has also built and led engineering and computer work and teams for nearly a decade at Google and Snap, where he was senior staff software engineer and director of engineering, respectively.

In case you missed it

As Blockworks previously reported, Jason FungTikTok’s former head of gaming, started a blockchain infrastructure company Meta0which aims to connect different metavers.

Celsius network added to CFOs David Barse and Alan Jeffrey Carr as directors, according to a Wednesday report. The crypto lender has also recently closed Gilbert Nathan, John Stephen Dubel and Laurence Anthony Tosi as directors.

Layoffs around the industry also persisted.

Compass Mining eliminates employees after former CEO Whit Gibbs and CFO Jodie Fisher resigned. The company’s newly appointed interim CEOs Thomas Heller and Paul Gosker said the size of the team would be reduced by 15%, and admitted that Compass Mining “grew too fast.”

Peng Zhong, CEO of Cosmos blockchain developer Ignite, so last Friday that he had formally left the company. The company’s number of employees has been reduced by more than 50%, CoinDesk reported.

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