Coinbase’s Top Executive Adam White to Leave the Company

Vice President and General Manager of Coinbase’s Adam White is said to be leaving the company.

Before joining crypto exchange Coinbase, Adam White was working with various companies like Activision Blizzard, Bain & Company and also in the US Air Force as Flight Test Engineer. Adam White was the fifth employee of Coinbase joining the firm in 2013.  

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There haven’t been any comments from the man himself. The timing, however, is pivotal for the San Francisco startup to bring in top players. The players like hedge funds and other institutional investors.

Coinbase CEO Brian Armstrong said, “Over the past five years, Adam helped us build our exchange business. He pushed it into the largest U.S. crypto-trading venue. He was integral to growing Coinbase’s global presence and scaling our culture to multiple offices.”

“While we’re extremely sad to see him go, we’re also confident in that group’s ability to keep executing on the vision that he laid out to be the most trusted venue for institutional investors to trade cryptocurrencies,” a spokesman verified via email.

The firm announced yesterday that the CEO of Instinet, Jonathan Kellner will be taking Adam White’s responsibilities as the Managing Director. The recent tweet by Coinbase, says they’re welcoming Chris Dodds of Charles Schwab.

Speculations are that the recent activity by a firm is a strategy to expand their influence and woo their investors in the Fintech ecosystem. The investment of $500 million by Tiger Global also falls in line with this speculation, which values Coinbase company at $8 billion.

You can also read:

  1. Coinbase Revamps Policy to List New Cryptocurrencies
  2. Caspian Brings Trading Tools to Coinbase Platforms
  3. Coinbase Planning to Launch a Crypto ETF with BlackRock

 You can have a look at our blockchain partners here.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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