Former Binance.US CEO joins Bitfury firm

Former Binance.US CEO joins Bitfury firm 4

Brian Brooks joined the Bitfury firm because of the company’ rapid plan to increase the crypto mining business. 

Brian Brooks is the former comptroller of the currency and also he was the CEO of Binance.US Exchange. Now Brian joined Bitfury, a crypto mining firm. 

Bitfury is a Cryptocurrency mining firm and now this firm is planning to expand its services at a high level. 

On 4 November, the firm announced the official joining of Brian as the new CEO of Bitfury. However, Brian was appointed around a week ago to lead the firm to raise funds through a funding round. 

Valery Vavilov, the founder of Bitfury, is now former CEO and also he will also work as Chief Vision Officer and the Chairman of the Board of Directors in Bitfury. 

Through the official announcement, read 

“Mr Brooks will lead the 10-year-old crypto unicorn as it launches a new funding round, increases the growth of its mining business with a revolutionary new microchip design and new global data centre locations, and scales a portfolio of innovative businesses,”

In 2018, Bitfury secured $80 million through its first funding round and after the completion of the funding round, Bitfury’s valuation reached $1 billion i.e a crypto Unicorn firm. 

Brian Brooks Past in Binance.Us 

In the past, Brian worked in Binance.US exchange (United States independent subsidiary of Binance exchange) as a Chief Executive officer. In August of this year, he resigned from Binance, however, it was a shocking decision of Brian. 

Before Binance.US, Brian worked in Coinbase exchange at the role of Chief Legal Officer between 2018 and 2020. 

In between May 2020 to January 2021, Brook contributed to the fintech banking charter to provide a better strategy system for the Fintech firm to offer lending and payment products without going through the existing rules state financial system.

Read also: US senator submits proposal to allow crypto payments in Capitol Complex