Gemini’s former COO Perlman joins Binance amid increased regulatory scrutiny

Key Points: Perlman joined Binance in January after a slump in digital assets, and blowups such as that of rival FTX.
Perlman left Gemini after Tyler and Cameron Winklevoss created the corporation to deal with market instability, and the bankruptcy of Genesis.
Bloomberg reported that Noah Perlman (ex-COO of Gemini Trust) has joined Binance as chief compliance officer. This comes as Binance, the largest cryptocurrency exchange, is facing increased regulatory scrutiny. Following a slump in digital assets and blowups like that of rival FTX, billionaire Changpeng Zhao’s exchange is dealing with a plethora of regulatory challenges.Perlman departed Gemini when the corporation created by Tyler and Cameron Winklevoss dealt with market instability and the bankruptcy of partner Genesis, where many Gemini users had borrowed their currencies.Previously, Coincu reported Cameron Winklevoss, co-founder and president of Gemini, informed employees of the layoffs on Slack, saying that poor macroeconomic conditions and “unprecedented fraud” in the crypto industry have forced the company to lay off employees.Gemini has executed three rounds of cutting employees so far. According to the Information, there were between 650-700 workers and 1,100 employees at the start of the year. This was in contrast to the 1,100 workers who were available at the beginning of 2018. This website provides general market commentary but does not provide investment advice. We encourage you to do your own research before investing.Join us to keep track of news: NewsTags: BinanceBinance Smart Chainbinance usGeminiGemini exchangeGemini IssuesPerlman