Coinbase lost another one of its great executives, the president and chief operating officer Asiff Hirji after two years spent in the company. The altcoin news of today will explain some more on his decisions since this is another major hit for the crypto exchange giant.
The popular U.S based crypto exchange got multiple people quitting the company in the past couple of months. Hirji wrote on Twitter saying that he will be leaving the San Francisco office after two years working in the company. Also, he is a TD Ameritrade alum and joined Coinbase after the major bull run of Bitcoin. it is still unclear why he changed his mind since bitcoin is in the middle of the major development and many think that this will be the asset’s best performance yet. Hirji wrote:
“Coinbase tour of duty over. Scaled to over $1 billion in revenue; launched new assets, countries, and products; achieved $8b valuation; and built our team. Company in a far better place and ready for the next chapter. Cheering on Brian Armstrong and the rest of the team.”
The founder of Coinbase and CEO Brian Armstrong noted:
“We’re incredibly grateful for Asiff’s contributions over the past 18 months. 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.”
Last month, coinbase lost another one of its executives, the former head of sales Christine Sandler who left for Fidelity Digital Assets. Sometime before that, the company lost another executive when Adam White left for Bakkt.
As noted in the latest cryptocurrency news, the departure seems that it comes at the worst time for Coinbase since its rival, crypto exchange Binance appears to have a record year. Binance’s native cryptocurrency BNB is up by a massive 550% year-to-date but the company is still growing stronger. They launched a decentralized exchange as well and they appear to be close to unveiling their margin trading business. According to reports, Coinbase is still waiting for the regulatory approval for their margin trading features.
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