Binance, which has been under investigation in many countries, including the United States, has started to lose significant ground in recent months. During this process, many top executives have resigned from their positions at Binance. According to the news in the media yesterday, another name was added to the list of those who resigned. Stéphanie Cabossioras, the Director of Binance France, has resigned from her position.
Binance, currently the largest cryptocurrency exchange in terms of trading volume globally, entered a difficult period in June with the lawsuit filed by the U.S. Securities and Exchange Commission (SEC). In addition to the lawsuit filed by the SEC, Binance has also been subject to various investigations in many countries.
Due to the consecutive investigations and uncertainties in the markets, Binance has started to lose significant ground in recent months. During this process, there have been significant decreases in the exchange’s trading volume and market share.
In addition to the decreases in trading volume and market share, many top executives have also resigned from their positions at Binance in recent months. Especially in July, Binance went through a critical period. On July 6, many officials, including the strategy manager, general counsel, and global vice president of marketing and communications, resigned from their positions at Binance.
As Binance came under the regulators’ radar in many countries, another important development occurred during the week while it continues to lose ground day by day. Yesterday, news circulated in the media that Stéphanie Cabossioras, the General Director of Binance France, had resigned from her position.
With the statements made during the day, it was understood in a short time that the news was true. David Prinçay, the President of Binance France, made a brief statement on his Twitter account and thanked Stéphanie for her strong contributions to Binance France and wished her the best in her next endeavor.
Stéphanie Cabossioras, who resigned from her position as Director of Binance France, first joined Binance in April 2022. Having also served as the head of legal at Binance France for a short period, Stéphanie Cabossioras started her position as the General Director in November 2022.