Jonathan Farnell, a compliance specialist who was Binance’s UK chief, becomes the latest in a string of executives to leave the crypto exchange.
Jonathan Farnell, a compliance specialist who was Binance’s UK chief before taking over Bifinity, a subsidiary, has left the business — becoming the latest in a string of executive departures.
“We’d like to thank Jonathan for his contributions and wish him all the best on his next challenge,” a Binance spokesperson told The Block. Farnell did not immediately respond to a request for comment. Farnell had played a central role in Binance’s efforts to get regulated in the UK. He joined the crypto exchange in 2021 from retail trading firm eToro, where he led compliance. Inititially hired in a compliance-focused role, Farnell was later named head of Binance’s UK operations.
It is unclear who may succeed Farnell in the UK, but corporate filings show that Ilir Laro was appointed as a director of the UK entity in September. Laro currently holds the role of integrated marketing and campaigns manager globally and was previously a deputy head of the crypto exchange in the UK and Ireland, according to his LinkedIn profile. Laro did not immediately respond to a request for comment.
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