Binance Hires Former Gemini-Exec as Chief Compliance Officer: Bloomberg

Binance has hired Noah Perlman, former chief operating officer (COO) of fellow cryptocurrency exchange Gemini, as its new chief compliance officer (CCO), Bloomberg reported on Tuesday.

Perlman started in the role at Binance in January, having spent two and a half years as COO of Gemini and previously one year as CCO.

Already this year Binance has been named as a counterparty in an order against crypto exchange Bitzlato, which was accused of laundering $700 million by authorities in the U.S., and seen stablecoin issuer Paxos cease minting the Binance-branded BUSD following an investigation by the New York Department of Financial Services (NYDFS).

Perlman's appointment follows that of Steven Christie, former Kraken head of compliance, as its senior vice president (SVP) of compliance last May. Binance founder and CEO Changpeng Zhao said in September the exchange planned to hire "a few hundred more compliance people."

The exchange has been keen to demonstrate its commitment to this area of its business since it was subject to a slew of warnings from central banks and regulators in 2021.

Binance did not respond to CoinDesk's request for further comment on Perlman's hire.

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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

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