Binance US Aims To Boost The Hiring Rate To Compete With Coinbase

Binance US aims to accelerate the hiring rate to compete with Coinbase as the CEO Brian Brooks announced that the company will 5x the headcount in the next year and a half so let’s find out more in our latest Binance news.

Brian Brooks came to Binance US from Washington and he said that the company plans to expand very soon and will continue diversifying. Binance US new CEO Brian Brooks outlined the company’s plans for expansion in the upcoming year. Brooks said that he plans to double the headcount in the next six months by hiring another 75 to 100 people and then increase this by 5 times in the next 18 months:

“I think it’s pretty clear that Binance is the fastest growing exchange in the United States.”

Brooks himself is a part of the growth as he took over from Catherine Coley and became the CEO of Binance US. He brought plenty of experience with him as he shortly held the position of the Office of the Comptroller of the Currency under President Donald Trump and spent a year and a half as Coinbase’s Chief Legal Officer.

Binance US aims to accelerate its growth and this can only be done with Brooks as he has quite the experience. But the question remained, why is the American version of this exchange trading at a fraction of the volume of Coinbase? Brooks answered:

 “The thing that I love doing—I think maybe people saw it at the OCC—is moving really fast in a fast-execution environment. I envision a very rapid growth rate here.
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And there’s nothing more fun for me than that.”

During his time in Washington, Brooks already theorized how national banks will be able to interact with crypto and the OCC published guidance on how the banks can custody the stablecoins and how the crypto companies can become banks on their own. When asked whether the exchange’s decision to recruit Brooks was a part of a broader plan, he said:

 “I wouldn’t say it’s necessarily just to fix things in Washington. I think there were a handful of us in the administration who did have a thesis for this. So yes, I think I can help on that front.”

Brooks believes that exchanges are on-ramp into the world of crypto and said that people will start getting into it some more and eventually won’t need exchanges. He predicted that the stablecoin options will be the future payment mechanisms.