The Coinbase COO Asiff Hirji is in the news on many best cryptocurrency news sites for apparently leaving the cryptocurrency exchange in its next bit of turnover. On May 31st, the company confirmed that its president and chief operating officer (COO) is stepping down from the positions, both of which were occupied since late 2017 when he was hired on at Coinbase.
Previously, the Coinbase COO Asiff Hirji filled the same respective positions at the online broker giant TD Ameritrade. There was no specific reason cited for his departure. However, the co-founder of the exchange and the CEO Brian Armstrong released a statement in which he applauded Hirji for his tenure as well as helping the cryptocurrency exchange always be in the latest cryptocurrency news and navigate a formative period in its operations.
“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 statement read.
If you are wondering what is next for the exchange after the Coinbase COO Asiff Hirji is gone, the leadership said that the vice president of business and data, Emilie Choi, had assumed the COO position. What’s interesting is that Choi’s LinkedIn profile indicates that she has been Coinbase COO since March 2019 – which indicates that Hirji’s exit has been in the works for many weeks.
Asiff Hirji’s departure is only the latest high profile leave from Coinbase. Before him, the altcoin news sections reported about the leave of Balaji Srinivasan which was the firm’s former chief technology officer (CTO), who left the exchange in early May this year. The VP of international business at Coinbase, Dan Romero, also exited the exchange last month.
It is still not clear what is driving the turnover. The latest leave by the (now former) Coinbase COO Asiff Hirji definitely sparks some action.
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Meanwhile, the exchange is eyeing margin trading, as Choi (the new COO) noted in an interview with TheBlock this week.
“Margin lend borrow is definitely going to be a next big step for us, especially on the active trader side […] We still need to figure that out because there’s not a lot of regulatory clarity there right now in the U.S. And so that that is being discussed,” Choi revealed.
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