Binance Bolsters Compliance Team with Two New Hires

Binance, one of the world's largest cryptocurrency exchanges, has strengthened its compliance division by hiring two executives from rival exchange Crypto.com. The exact roles and identities of the new hires remain undisclosed.

The move comes as Binance faces pressure from regulators globally to improve its regulatory response and compliance organization. In recent months, the exchange has been reorganizing its compliance division following a series of departures in the unit.