Cryptocurrency trade Coinbase is shedding one other govt.
Dan Romero, who works as vp for Coinbase’s worldwide enterprise, introduced in a Medium put up on Friday that he shall be leaving the agency on the finish of this month. Romero joined Coinbase in April 2014, based on his LinkedIn profile.
While he didn’t present a particular cause for departing the agency, Romero stated:
“Staying true to a mission often requires doing hard (or even unpopular) things. But I’ve been lucky to learn first-hand that it’s those hard things that often generate the most value.”
“I’m planning to take some time to figure out what’s next,” he continued, including that he joined Coinbase when it had simply 20 workers – it now has a headcount of over 700.
In his time on the agency, Romero has labored on “almost every aspect” of the Coinbase enterprise, he stated, together with banking partnerships and each shopper and institutional companies.
Despite Coinbase’s standing as one of the well-liked and priceless crypto exchanges – it raised $300 million late final yr giving it a valuation of $eight billion – there have been a spate of exits (and a few arrivals too) within the months since.
Two weeks in the past, Coinbase’s director of institutional gross sales, Christine Sandler, left the trade for Fidelity Investments, one of many world’s largest monetary providers suppliers. Earlier this yr, the trade’s director of information science and threat Soups Ranjan additionally left, as did senior compliance supervisor Vaishali Mehta.
And at the very least 9 different senior or mid-level workers have left Coinbase since its October fundraise.
It was beforehand revealed that, since March 2018, the agency has been providing a canopy as much as $5,000 a yr for remedies like egg-freezing in a bid to retain workers – that’s along with extra customary medical health insurance choices.
Coinbase didn’t reply to a CoinDesk request for touch upon Romero’s departure by press time.
Dan Romero picture by way of Coinbase