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Coinbase Steps Up Europe Expansion Despite Crypto Meltdown

  • Coinbase Global, Inc (NASDAQ: COIN) strengthened its European top ranks to help lead its regional expansion plans.

  • Cormac Dinan, a general manager at Crypto.com, joined Coinbase as country director for Ireland.

  • Michael Schroeder, former chief compliance and risk officer at Bittrex, will join the crypto exchange as director of controls for Germany.

  • Also Read: Is Coinbase In Trouble? CEO Brian Armstrong Clears The Air

  • Coinbase also promoted Elke Karskens as the new country director in the U.K. and Patrick Elyas as director of market expansion in Europe, the Middle East, and Africa.

  • In October, Coinbase appointed Daniel Seifert, a senior executive from German financial technology company Solarisbank AG, as regional managing director for EMEA.

  • Coinbase’s expansion plans in the region come as cryptocurrency exchanges face a crisis of confidence following the swift collapse of Sam Bankman-Fried’s FTX.com, Bloomberg reports.

  • Shaken by FTX’s swift demise, users have rushed to yank out their cryptocurrencies from exchanges.

  • Price Action: COIN shares traded lower by 3.32% at $42.81 in the premarket on the last check Monday.

  • Photo Via Company

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