White leaves Coinbase after new appointments to institutional group
Coinbase continues its management reshuffle, announcing on Thursday that Adam White, the vice president and general manager of its institutional platform group, was stepping down.
Coinbase is focusing on beefing up its institutional coverageWhite was the fifth person employed by the cryptocurrency exchange and joined the company in 2013 when the digital exchange was being run out of a one-bedroom apartment in San Francisco by co-founders Brian Armstrong and Fred Ehrsam.
His departure comes at a time when many cryptocurrency exchanges are beefing up their offerings to appeal to institutional investors, including banks, asset managers and hedge funds.
The San Francisco-based crypto exchange has had a very active few days on the personnel front.
Indeed, the appointment of Jonathan Kellner to Coinbase’s Institutional Coverage Group was announced on Tuesday. The former chief executive of investment group Instinet, Kellner will take over much of White’s duties at Coinbase.
Chris Dodds – former Charles Schwab executive – was appointed to the company’s board of directors, also on Tuesday, to bring his experience to the exchange’s focus on scaling up its business.
A third appointment was announced this week. Oputa Ezediaro – former JPMorgan executive director – will join Kellner at the Institutional Coverage Group.