Binance beefs up compliance team by 34% to 645 full-timers

Binance is on a hiring spree in its compliance department and will increase the team size by 34% by the end of the year, the exchange announced on its Binance Square platform on Nov. 22. The compliance team will have 645 full-time members and over 1,000 members counting contractors.

Compliance for business success

The move is part of the cryptocurrency exchange’s “intensified commitment to regulatory adherence” and its “ongoing transformation” since it made peace with United States regulators in 2023. In that time, it has increased spending on compliance by 36%.

“Our sector is maturing rapidly, and compliance has become central to user protection, business success, and sustainable growth. Binance’s expanded compliance efforts reflect our commitment to setting industry standards.”

Binance said it was taking on personnel from traditional finance and government agencies and highlighted three high-level hires: Todd McElduff will serve as enterprise compliance director, and Céline Inial and Caner Akyürek will be special investigations specialists for France and Turkey, respectively.

Binance’s ongoing transformation

In recent months, Binance has made much of its law enforcement training efforts and cooperation with government authorities.