Head Of Coinbase’s Institutional Platform Group Leaves The Company

Crypto exchange giant Coinbase, announced that the head of its institutional platform Adam White, is leaving the company and the information reached all crypto news media in a matter of minutes.

The company even introduced the public with White’s replacement, Jonathan Kellner who will be taking over White’s work. Kellner was hired as a managing director at Coinbase of all the institutional business.

According to the company’s spokesperson:

“That group’s ability to keep executing on the vision that he laid out to be the most trusted venue for institutional investors to trade cryptocurrencies.”

Coinbase CEO Brian Armstrong expressed on one occasion how White was responsible for building the exchange business of Coinbase that we know today and how he helped to become the largest US-based trading platform.

This is yet another step to the further development and growth of Coinbase. This is a very important time for the company since two new board members will also join the company soon, according to CCN. Both of the members will be a great asset to the leadership team and they will focus on improving the business.

Coinbase will also get another major boost by a hedge fund called Tiger Global by investing more than $500 million dollars in the company which will lead to value incensement to $8 billion.

Only last year Coinbase was a $1 billion dollar company. Today, with the increase in customer interest the company reached an incredible value.

However, Coinbase CEO Armstrong still remains silent about a new strategy for opening up the entire global financial system and also there’s not a single comment about short-term trading volume.