Binance, the world's leading cryptocurrency exchange, confirmed on Feb. 2 that Steve Christie has returned to the company in the role of Deputy Chief Compliance Officer. Christie had previously held the position of Senior Vice President of Compliance at Binance.
In a statement from Binance, it was revealed that Christie will work closely with Chief Compliance Officer Noah Perlman to enhance the company's compliance program. His responsibilities will include collaborating with regulators and industry groups to improve Binance's user protection efforts and compliance practices. The announcement clarified that Christie had taken a brief hiatus from the company to prioritize his health and family.
Christie expressed his enthusiasm for rejoining Binance in a statement shared by the company. He said, "I am impressed by what Binance has accomplished on the compliance front since I stepped away momentarily. I always believed that no other crypto exchange dedicates as much effort in compliance as Binance, including product and engineering resources. The team is even stronger today and I am supported by a robust team with quality talent. I am not only excited about the organization's commitment to being compliance-first but going above and beyond to set the industry standard for compliance."
Perlman also welcomed Christie back in a statement included in the Binance blog post. He stated, "Steve’s familiarity with Binance and deep compliance expertise makes him the perfect person to assume the DCCO role. When Steve first joined Binance in 2022, the compliance team underwent fast growth and made tremendous efforts and investments to strengthen and mature its compliance culture and program, which Steve helped lead. Compliance is always evolving and maturing, and he has helped Binance meet new changes and challenges, making compliance a business enabler and driver of sustainable industry growth. We are thrilled to have him back."
Binance CEO Richard Teng echoed these sentiments in a post on X platform. Teng stated, "I'm pleased to welcome Steve Christie back to Binance as Deputy Chief Compliance Officer! Having the best compliance talent is vital - it ensures better user protection and builds the foundations for stronger sustainable growth."
Launched in 2017, Binance has grown to become the largest crypto exchange globally, according to CoinMarketCap. As of August 2022, Binance boasted a daily trading volume of approximately $76 billion. The platform lists over 350 tokens and enables users to buy, sell, and store digital assets.