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
See more from Benzinga
Pinduoduo Shares Pop As Q3 Earnings Breezes Past Expectations
Black Friday Surprise: Walmart Beats Amazon In Online Searches For Deals
Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.