Binance Hires Seth Levy as Head of Market Surveillance

Binance, a major cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f Read this Term, appointed Seth Levy as the Head of Market Surveillance on Thursday. According to the press release, he will oversee Binance’s efforts to build and implement a surveillance infrastructure and system to safeguard users against fraud and manipulation.

Prior to joining Citadel and Citadel Securities, Levy was the Global Head of Market Surveillance. Levy designed, grew and managed all global surveillance functions across all financial instruments as part of his role.

Levy worked with the Financial Industry Regulatory Authority (FINRA) for 16 years before joining Citadel. In his most recent position with FINRA, Levy was responsible for leading the team in charge of designing and conducting surveillance of the equities market, investigating misconduct and evaluating the firm’s compliance with rules and regulations.

“I’m really looking forward to working with the team to extend Binance’s already excellent surveillance capabilities to the next level. Our goal is to ensure that Binance users are protected from any form of nefarious activity or bad actors. We will work to further proactively engage regulators and other market participants to strengthen market integrity, user protection and enhance public confidence in the crypto market,” Levy commented on his appointment.

Recent Appointments

Last week, Binance promoted Chagri Poyraz, its former Director of Sanctions Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term, to Global Head of Sanctions since he joined the exchange in early January. In the new role, Poyraz is charged with ensuring that “Binance meets and maintains full sanctions compliance globally as well as building robust sanctions control frameworks similar to traditional banks.”

Reacting to his recent promotion, Poyraz, who expressed excitement at joining the exchange, said his goal was to apply and transform his experiences in the traditional financial sector “to the future of finance.” Poyraz, a graduate of Global Studies from Vancouver Island University in British Columbia, Canada, has over 17 years of experience in compliance, strategy, intergovernmental liaison and risk management.