After two years as head of XRP institutional liquidity at Ripple, Catherine Coley is moving to greener pastures. Coley was named CEO at BAM Trading Service at Binance U.S., according to her LinkedIn profile. Her experience with both one of the largest cryptocurrencies, XRP, and institutional investors
should serve her well in this high-profile role in which she will seemingly oversee the trading of more than just one cryptocurrency. There do not appear to be any hard feelings with her former boss, Brad Garlinghouse, who congratulated her on social media.
Coley’s decision to leave Ripple and join Binance is another illustration of the musical chairs that have been taking place in the crypto space. Coinbase, for instance, has suffered a wave of executive defections as new exchanges such as Bakkt come online. Don’t be surprised if there are more shufflings from one project to another as these new exchanges take shape and take talent.