Coinbase President Latest to Leave Company

Coinbase President Latest to Leave Company

There has been a changing of the guard at leading cryptocurrency exchange platform, Coinbase after it was announced their current President and Chief Operating Officer, Asiff Hirji, will be departing his tenor at the company.

Hirij joined the company 18 months ago in December 2017, right in the midst of the bitcoin bull rush. As such, he has been at the reigns throughout the crypto winter, as well as during the evolution of Coinbase and the growth of the company.

Points that were highlighted by Brian Armstrong, co-founder and CEO of Coinbase, who expressed the company were “incredibly grateful for Asiff’s contributions” during his time with the company. Stating, “His experience and mentorship helped guide Coinbase through an important chapter in its history. He joined at a critical time when both the company and crypto space were going through rapid growth, bringing his extensive experience to bear when it was most necessary.”

The Latest in a Line of Leavers

The reason for his departure was not shared in the statement, but he joins three high ranking employees who have left the company in pursuit of other ventures, with Hirji becoming the 10th to leave the company since October. Head of OTC, Tim Plakas, left to join the cryptocurrency bank, Galaxy Digital, Cheif technology office, as did their vice president international business, Dan Romero in April, who had been with the firm for 4 years.

Two compliance officers also left to join Facebook, rumoured to be in order to help with their Project Libra, stablecoin project. Their chief technology officer, Balaji Srinivasan, also left the firm at the beginning of May. There are also rumours circulating that their current vice president of operations and technology, Tina Bhatnagar will also leave the company soon.

His role will be taken up by their current vice president of business, data and international, Emilie Choi, formerly of Yahoo inc. She was involved in a $300 million Series E funding round for Coinbase last October, which edged the company’s value to $8 billion.

Why the company is the haemorrhaging staff isn’t clear. However, it doesn’t seem to be affecting their progress, on Thursday, they launched EOS on their platform as a trading pair in the latest addition to their service.

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

1xBit Guide: Crypto Sportsbook & Casino

The casino and sportsbook industry continues to witness an increase in the number of platforms within the space. This creates a challenge of identifying the best and most reliable sportsbooks that will offer you the most impressive services. In this guide, 1xBit shall be reviewed in terms of its service offerings and unique features that […]

11 January, 2022

XBE Community Launches a $500k Bug Bounty

Decentralized technology is built to attract the smartest and brightest brains from all over the world to work towards a common goal: free and fair financial systems. Despite the uncertainties surrounding future laws, DeFi protocols are rapidly adapting and growing to provide new ways for individuals to obtain more value from their money. And this […]

28 December, 2021

11 Biggest Sponsorships Deals for the Crypto Market in 2022

The global sports industry is looking to revamp its activities and recover from the after-shocks of the COVID-19 pandemic. Cryptocurrency platforms on the other hand have enjoyed immense growth and are searching for big platforms that can provide better brand visibility. That’s where sports and crypto make a perfect match with many global sports organizations […]

1 December, 2021

ChangeNOW Unveils a New Cashback Feature

ChangeNow offers crypto users smooth exchanges and doesn’t stop there. The exchange platform provides registered users a chance to profit from crypto swaps with cashback in NOW tokens through the ChangeNOW website. The cryptocurrency exchange and processing platform offer you an effortless way to turn your traffic into profit and boost your crypto journey. The […]

15 November, 2021

Celsius Casino is Raising the Temperatures with a Voluminous Game Lobby

Celsius Casino has become a go-to gaming destination for casino fans looking for an action-packed online gaming platform. The online casino boasts a robust game catalogue with over 4,000 games. The extensive game portfolio caters to Slots, Table Games, and Live Casino fanatics and is powered by well-known providers such as Evolution Gaming, NetEnt, and […]

9 November, 2021

ChangeNOW Has Announced the Release of its Own Digital Wallet

Limitless and swift crypto exchange platform ChangeNOW has released its own non-custodial NOW Wallet, facilitating fiat to crypto purchases and reliable crypto transactions from the comfort of a mobile phone. NOW Wallet is available in beta version for both iOS and Android devices and allows users to transact with over 20,000 currency pairs, regardless of […]

29 October, 2021

BitPanda Enhances Its BEST Rewards Programme

The EU-based cryptocurrency exchange, BitPanda, has improved its loyalty programme, BEST Rewards. It is now providing owners of its BitPanda EcoSystem Token (BEST) an additional 12% in potential revenue each year. Every registered BitPanda user who has BEST in his or her wallet and carries out at least one monthly trade will be eligible for […]

25 October, 2021

ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Earlier this week, ChangeNOW announced that it was able to identify and return 45,505 COMP back to Compound. The estimated value of this recovery is around the $15m mark. This remarkable achievement is further proof of the effectiveness of the exchange’s Anti-Money Laundering (AML) procedures. In an announcement made on ChangeNOW’s website, the company provided […]

6 October, 2021