As one of the largest companies in the crypto space, Coinbase is always innovating and leading the market. The recent news from the company of hiring a Silicon Valley dealmaker that will explore potential acquisitions in the future are sign for even more news from the company.
On Monday, Coinbase announced the hiring of Emilie Choi. She will serve as the company’s vice president of corporate and business development. She will also be tasked with the role of “scaling Coinbase globally, seeking out world-class acquisition and partnership opportunities, and managing our strategic projects,” according to Coinbase’s recent blog post.
Previously, Choi has helped a lot of companies including the leading corporate social network LinkedIn where she was part of more than 40 acquisitions helping the network grow and prosper.
The COO of Coinbase Asiff Hirji has a strong stance towards this new hiring. As he stated, “If you ask anyone in [Silicon] Valley, she is absolutely top of her field in business development,” Hirji was confident. “Given how rapidly the [cryptocurrency] space is unfolding, given the breadth of opportunities in front of Coinbase, we feel very fortunate having someone like Emilie with us and helping us figure out how to get those deals done.”
This news from Coinbase are coming only one week after the fintech startup Circle announced that it acquired the cryptocurrency exchange Poloniex in a $400 million deal. And even though Coinbase denied a lot of expansion strategies, they are certainly considering some expansion in addition to Circle’s move.
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