Binance has hired Noah Perlman, former chief operating officer (COO) of fellow cryptocurrency exchange Gemini, as its new chief compliance officer (CCO), Bloomberg reported on Tuesday.

Perlman started in the role at Binance in January, having spent two and a half years as COO of Gemini and previously one year as CCO.

Perlman's appointment follows that of Steven Christie, former Kraken head of compliance, as its senior vice president (SVP) of compliance last May. Binance founder Changpeng "CZ" Zhao said in September that the firm planned to hire "a few hundred more compliance people."

(By Jamie Crawley)

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