Photo: Bretwa / Wikimedia Commons / CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0) The world's largest crypto exchange is restocking its compliance bench after a wave of departures and years of regulatory pressure
Binance has recruited two senior compliance executives from rival exchange Crypto.com, a move that signals the company is still actively trying to shore up what has been, to put it diplomatically, a turbulent compliance operation.
The hires come after a string of departures from Binance’s compliance and financial-crime monitoring teams earlier in 2026, and against the backdrop of a regulatory reckoning that began with the exchange’s guilty plea in 2023 over sanctions and anti-money-laundering violations in the US.
The compliance revolving door #
Binance brought in Noah Perlman as Global Chief Compliance Officer in 2023, poaching him from Gemini. Reports from early April 2026 highlighted notable turnover in Binance’s financial-crime and sanctions compliance roles. There were even discussions about whether Perlman himself might depart.
Pulling two experienced compliance professionals from Crypto.com, which has built a reputation for aggressively collecting regulatory licenses across multiple jurisdictions, is a direct response to that staffing gap. The specific identities and titles of the new hires have not been publicly disclosed.
Why Crypto.com’s bench matters #
Crypto.com is not a random talent pool. The Singapore-headquartered exchange secured MiCA authorization in Europe, giving it a regulatory passport across the European Union’s 27 member states. It has also obtained multiple US Money Transmitter Licenses, building out a state-by-state compliance infrastructure that few crypto firms have bothered to complete.
Binance’s long road to regulatory rehabilitation #
The context for these hires stretches back to November 2023, when Binance entered a guilty plea over violations of the Bank Secrecy Act and sanctions laws. The resolution included a multi-billion-dollar settlement and the departure of founder Changpeng Zhao as CEO. As part of the agreement, Binance committed to a comprehensive overhaul of its compliance program, including enhanced transaction monitoring, suspicious activity reporting, and know-your-customer procedures.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our