Coinbase’s Vice President of Institutional Products steps down as company’s institutional wing departs

2019-4-12 19:30

Coinbase has been in the news several times over the past few weeks, whether it is about its latest cryptocurrency debit card or because of the comments made by CEO Brian Armstrong. The latest news from the world’s largest cryptocurrency exchange in terms of users is that Dan Romero, Vice President of International Business — UK/EU, APAC across Consumer and Institutional products, has left the company after 5 years. In an official blog post, Romero said,

“An increasing number of cryptocurrency entrepreneurs are quietly building the infrastructure necessary for a more open, permission less and decentralized version of the Internet and the global financial system. Coinbase remains a key part of this story by providing the trusted and easy-to-use bridge between traditional finance and cryptocurrency.”

What makes Romero’s departure significant is the fact that after his resignation, Coinbase saw its entire institutional wing depart from the company.

With the latest development, members of the crypto community are speculating that Coinbase will now solely focus on crypto, rather than heading the Wall Street and institutional way. Coinbase was also in the news recently after Coinbase Pro suspended Bitcoin trading over an undisclosed issue. The service was then resumed two hours later, much to the joy of users. The update from the company said,

“We are continuing to work through the cancel process, upon completion we will re-open BTC-USD in post-only mode for at least 1 minute.”

The exchange also launched its very own Visa-powered cryptocurrency card. The exchange informed users,

“Coinbase Card is powered by customers’ Coinbase account crypto balances, giving them the ability to pay in-store and online using bitcoin, ethereum, litecoin, and more. Customers can use their card in millions of locations around the world, making payments through contactless, Chip and PIN, as well as cash withdrawals from ATMs.”

The post Coinbase’s Vice President of Institutional Products steps down as company’s institutional wing departs appeared first on AMBCrypto.

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Фото:

Coinbase Lures in the Big Boys, Might Start Offering Security Tokens Soon

Coinbase is still the reigning number one cryptocurrency exchange and broker in the US and won’t likely step down from that spot anytime soon. The San Francisco based firm has already shown some success in luring in institutional investors after onboarding a $20 billion hedge fund and has recently shown signs that it could soon […] Coinbase Lures in the Big Boys, Might Start Offering Security Tokens Soon was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-26 14:29


Influx of Positive Developments for Coinbase is Bullish for Crypto

One of the world’s largest cryptocurrency platform has had a stellar week, as positive news floods in regarding the platform’s expansive development plans. Coinbase’s Custody Service Secures The Business Of A $20 Billion Hedge Fund Institutional investment seems to be all the rage in cryptocurrency circles, with many citing this form of interest and investment.

2018-7-24 12:00


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Crypto Week in Review: Institutional Investment Still a Hot Topic Amidst Low Exchange Volumes

Prospects for the cryptocurrency industry are beginning to look up, with prices marginally increasing throughout the week. But are the bulls really back? Institutional Investment Sees Interest Continue Discussion regarding institutional interest has continued, with this prior week seeing a variety of news pieces regarding the growing number of institutional entry points.

2018-7-8 17:00


Coinbase Custody broker-dealer previously charged with putting customer assets at risk

Coinbase’s new solution for institutional investors launched yesterday to great fanfare. It offers solutions for long-awaited institutional money to flow into the market. Electronic Transaction Clearing [ETC], the registered broker-dealer through which Coinbase aims to conduct transactions, was charged by the US Securities and Exchanges Commission [SEC], earlier this year. The charges against it were […]

2018-7-4 00:58


Coinbase Custody Officially Open For Business, Seeking Institutional Investors

Last week, Coinbase Custody accepted its first deposit, and today the company proudly announced that it is open for business. The announcement was written in a blog post published today, July 2. Product Lead Sam McIngvale writes in the post, “Over the coming weeks, we’ll continue on-boarding a set of world-class clients that includes leading… The post Coinbase Custody Officially Open For Business, Seeking Institutional Investors appeared first on UNHASHED.

2018-7-3 20:06


Фото:

Coinbase Custody is Now Live, But Will Institutional Investors Actually Use It?

As part of Coinbase’s initiative to facilitate institutional investment in the cryptocurrency market, the exchange’s Custody service is now live in the US and Europe.   Bringing in Big Money Coinbase Custody is a service which provides secure storage for crypto-assets for eligible financial institutions and hedge funds across the world.

2018-7-3 12:00


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