The former Boston Consulting Group principal Brian Shroder with a Harvard MBA, is the CEO of BAM Trading Services Inc. d/b/a Binance.US, the US branch of the Binance Group. In April 2022, Binance.US raised over $200 million in its first external funding round just before the crypto markets collapsed. The finance round included investors including RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures. They accepted a whopping $4.5 billion valuation.
Amid the Crypto Winter in mid-June 2022, Brian Shroder (LinkedIn) said that his company is “in the strongest position possible to not only successfully weather this downturn but also emerge as the leading crypto platform in the U.S.” Shroder informed the 400+ employees of Binance.US that the April funding round could not have come at a better time. They would have over $250 million in the bank, and at the current burn rate, they could go years before needing to raise again.
Before joining Binance.US in 2021, Brian worked as the Head of Business Development and Global Partnerships for the Chinese Ant Group. Binance founder Changpreng Zhao welcomed him as an “accomplished business executive and entrepreneur who has led successful go-to-market strategies for several prestigious and global companies.“