Exchange News

Another Coinbase executive leaves the exchange

Another Coinbase executive, Dan Romero, has left the exchange after serving for five years. Romero is the vice president tasked with handling the exchange’s international clients.

However, the Coinbase executive indicated that he will be leaving his post at the end of this month. As per his LinkedIn account, the executive joined the exchange in 2014. His departure notice did not include a reason why he’s leaving or a clue of where he is going.

Romero said:

Staying true to the mission often requires doing hard (or even unpopular) things. But I’ve been lucky to learn first-hand that it’s those hard things that often generate the most value. I’m planning to take some time to figure out what’s next.

The Coinbase executive noted that he entered the scene when the exchange only had 20 employees and he’s leaving when Coinbase has more than 700 employees.

While at the exchange, Romero has been able to provide his input on virtually every part including, but not limited to, working on aspects touching on consumers, institutions, and banking partnerships.

In the recent past, Coinbase has been involved in hiring new employees and letting go of others.

For example, Christine Sandler, who handled institutional sales in the position of a director, left the exchange a few days ago. Sandler has since joined Fidelity Investments, a leading financial services firm. Additionally, at the beginning of this year Soups Ranjan and Vaishali Mehta left the exchange. Ranjan and Mehta were director of data science & risk and senior compliance manager respectively.

Towards the end of 2018, Coinbase attracted 300 million U.S dollars in a funding round making it have a valuation tag of 8 billion U.S dollars. Since early 2018, Coinbase was said to be offering attractive packages to employees to prevent them from leaving.

Do you think the Coinbase executive will join another crypto firm at a similar or higher position?

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Philip is an experienced blogger keen on staying updated with trends and news surrounding the blockchain and Bitcoin space. With several years of freelance experience in various industries, Philip brings his knowledge and experience into the crypto space.