Binance’s Fiat Payments Processing Affiliate Head Leaves

Saulius Galatiltis has stepped down as chief executive officer of Bifinity UAB, a payment processor that serves as a gateway for fiat transactions by customers of the Binance cryptocurrency exchange.

The departure is the latest by a senior executive at entities related to Binance. The world’s largest digital-asset exchange has seen the firm’s head of product, chief strategy officer, general counsel and Asia-Pacific boss leave since July. Stéphanie Cabossioras, managing director at the exchange’s French unit, left this week.

Galatiltis, who joined Lithuania-based Bifinity in January 2022, said in a direct message that he left the firm ...