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Comings and goings in the cryptocurrency industry are a rather common occurrence. The entire industry is still in a high growth cycle that creates new and exciting opportunities for some of the top players in the game. Last week’s post by ArmyOfBitcoin.com covered the story about another top executive at Coinbase leaving the fold.
Coinbase.com is one of the biggest and most popular crypto exchanges. Its overall value late last year topped $8 billion. However, with this latest departure, the exchange has lost four high-profile employees since the beginning of the year. Going back to October of 2018, Coinbase was able to raise $300 million for expansion plans. However, since that time it has been reported that at least nine other senior or mid-level management positions have been vacated.
The latest departure was Dan Romero. He was the vice president in charge of the company’s international business. He announced that he will be leaving that position at the end of this month. Romero joined Coinbase five years ago this April.
No specific reason for his departure was part of any official company release. He was quoted as follows:
“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 am planning to take some time to figure out what’s next.”
When Romero joined Coinbase in 2014, the company had a staff of 20 employees. That staff has grown to over 700 positions in a relatively short amount of time. During his tenure, he worked on “almost every aspect” of the Coinbase business processes. This includes banking partnerships and both consumer and institutional businesses.
Christine Sandler was the director of institutional sales for Coinbase. She gave her notice two weeks ago to take a position with Fidelity Investments. This is the largest financial service provider in the world. Earlier this year, Soups Ranjan resigned as the exchange’s director of data science and risk. Also departed, is Vaishali Mehta as the senior compliance manager.
Coinbase has upped to ante to $5,000 for treatments not currently covered in its standard health care plan as a way to help retain key members of its staff.
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