New hires underline Coinbase’s institutional ambitions
Digital exchange Coinbase has raised its efforts to bring greater legitimacy and institutional recognition to the cryptocurrency sector by appointing a trio of prominent brokers as executives.
Brian Armstrong, chief executive of the San Francisco-based crypto exchange, introduced Charles Schwab advisor Chris Dodds to its board of directors on Tuesday, while Jonathan Kellner – former Instinet chief executive – and ex-JPMorgan executive Oputa Ezediaro were both appointed Coinbase’s Institutional Coverage Group.
Dodds, who sits on the board of directors at San Francisco-based brokerage Charles Schwab, and is a senior advisor on private equity, joins the Coinbase board of directors.
Armstrong said of Dodds’ appointment: “Chris brings world-class leadership skills, deep knowledge of the financial services industry, and significant financial and accounting experience.
“His extensive expertise will be an asset to the Coinbase leadership team as we focus on scaling our business.”
Meanwhile, Jonathan Kellner, former chief executive of Nomura bank’s brokerage arm Instinet, was appointed as managing director of Coinbase’s Institutional Coverage Group and will lead efforts to sell the company’s new range of trading products for professional investors.
Welcoming Kellner to the company, Coinbase’s chief operating officer Asiff Hirji said: “As Coinbase continues to grow and act as the bridge between traditional finance and the crypto world, we’re committed to bringing on leaders who can help us chart a course through these previously uncharted waters.”
The appointments of Kellner and Dodds comes a day after Coinbase also hired Oputa Ezediaro, former JPMorgan executive director, to the Institutional Coverage Group.
The hires come as Coinbase expands its range of trading products to institutional investors and advances its aggressive growth plans, opening new offices in New York, Chicago and London.