Binance.US Taps Former Public Servant as Chief Administrative Officer

Binance.US, a United States-based digital asset marketplace, announced on Tuesday that it has hired Manuel 'Manny' P. Alvarez as the company’s Chief Administrative Officer, starting July 22. According to the press release, Álvarez comes from a background as a public servant, having worked as Commissioner of the California Department of Financial Protection and Innovation.

In the new role within the crypto firm, the new executive will be in charge of supervising risk, compliance, legal affairs, among other related tasks, through the United States, reporting directly to Brian P. Brooks, Binance.US’s Chief Executive Officer. “Manny is a highly respected senior government official and business executive with deep expertise in financial services Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term and technology. Compliance is the key to creating trust with both our customers and our regulators, which is why we are hiring recognized leaders in the field, such as Manny. He is that rare brilliant regulatory mind with a strong sense of law and compliance who also brings a strong technology and Silicon Valley perspective,” Brooks commented.

Binance.US Doubling Its Staff Headcount

On the other hand, the former Commissioner of the California Department of Financial Protection and Innovation seeks to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term its knowledge in helping Americans “seeking to achieve financial freedom” through its new role at Binance.US. “I look forward to bringing this same relentless focus to the digital assets industry and Binance.US alongside Brian and the rest of the company’s talented team,” he added.

With Alvarez’s hiring, Binance.US doubled its workforce by adding 110 new employees on several fronts, including the regulatory, legal, compliance and customer support teams. “Manny left Affirm to answer the call to public service leading one of the most important financial regulatory agencies in the country. Manny’s leadership will be instrumental as Binance.US seeks to fulfil our vision of serving as the most beloved and dependable destination for cryptocurrency in America. It is a huge honor that Manny is joining us,” Binance.US’s CEO said.