Coinbase executive Tim Wagner is leaving the major crypto exchange after slightly longer than a year working there. There are some other high-ranking engineering staffers that leaving Coinbase as well as we learn in our latest cryptocurrency news below.
Wagner was the vice president of engineering at Coinbase and he will now be leaving the company in the next two weeks according to the statements of a Coinbase spokesperson. The departure will create an empty job position in the company’s leadership team. Previously, Wagner worked for Amazon by more than six years in their Web Services department and he became one of the most senior alums of big tech to join the industry. The Coinbase executive joined shortly after the crypto exchange acquired Earn.com and made Balaji Srinivasan its chief technology officer.
Wagner is just another example of how senior members of the team are leaving the company in the past few months. Back in May, the CTO of Coinbase Srinivasan and COO Asiff Hirji also left the company. According to a report by The Information, there were some tensions between the two men that caused a huge problem in the company’s executive ranks. We were also able to find out that there were some other notable departures at the company outside of the leadership team. Wagner’s departure comes after the departure of Namrata Ganatra which was the Coinbase senior director of engineering. Gantatra announced that she will be going to the Lambda School as the new CTO of the education startup.
The Coinbase veteran and current engineering director Varun Srinivasan is also leaving the company after more than four years working there. His departure is still in the works and has to be finalized. The former director of design at Coinbase Connie Yang also left the company a few months ago. She did not answer to a request for comment. The company employs more than 700 people across offices around the world. Some of the earliest employees there, Nick Tomaino stated for the altcoin news previously that Coinbase is not actually a big deal:
“Coinbase is a utility for the industry and its success as a company is solely dependent on the success of the cryptocurrency industry as a whole. A few exec departures don’t matter much in the grand scheme of things.”
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