Coinbase Lost Another Senior Executive-Dan Romero Resigns

Arguably one of the largest cryptocurrency exchanges in the world Coinbase, lost another one of its senior executives today. We are about to find out why in the latest cryptocurrency news below.

United States-based Coinbase received the resignation of the senior executive head of international Dan Romero. He announced his resignation today in a blog post.

Romero worked for five years at Coinbase and changed multiple positions. He joined the team of three people who quit Coinbase including Christine Sandler who was a director of institutional sales and Adam White who was the vice president and general manager of the company.

Sandler resigned at the beginning of March this year and joined the popular crypto financial services provider Fidelity Investments. White, on the other hand, joined ICE’s Bakkt platform in October 2018.

Dan Romero was working in White’s role previously. His departure shows a continuous down movement of an institutional focused activity at the company. Despite its massive expansion, Coinbase mainly focuses on retail and cryptocurrency industry business which prove to be a priority for the exchange. Romero stated in his last post:

 “After 5 years, I’m leaving Coinbase at the end of the month. I’m planning to take some time to figure out what’s next, but I remain as optimistic as ever about the potential of cryptocurrency and Coinbase.”

Romero Continued:

“An increasing number of cryptocurrency entrepreneurs are quietly building the infrastructure necessary for a more open, permissionless and decentralized version of the Internet and the global financial system.’’

As previously reported, Coinbase created new international payments divisions at the start of April this year. Also, in the past week, the crypto exchange announced the launch of Visa card dedicated cryptocurrency for the market in the United Kingdom.

Coinbase was also listed in the top 50 list of most popular US companies in April by LinkedIn which made it the only company from the crypto sector to make it to the rankings.