World’s largest cryptocurrency exchange, Coinbase institutional platform group head is leaving the company. Also, he was the fifth employee’, said Adam White. He is the recent vice president and general manager of the institutional business. He also refused to give a reply to this. White joined Coinbase in 2013.
“While we’re extremely sad to see him go, we’re also confident in that group’s ability to keep executing on the vision that he laid out to be the most trusted venue for institutional investors to trade cryptocurrencies,” a spokesman said in a Bloomberg email.
At the same time, the firm announced that Jonathan Kellner, the former chief executive officer of Instinet, is joining as a managing director of its institutional business yesterday, taking over much of White’s coverage.
In the year of White joining to the Coinbase, Bitcoin was trading around $200. The biggest cryptocurrency peaked at almost $20,000 in December and has recently been trading around $6,500.
“Over the past five years, Adam helped us build our exchange business into the largest U.S.-based crypto-trading venue, and was integral to growing Coinbase’s global presence and scaling our culture to multiple offices,” Coinbase CEO Brian Armstrong said in an email.
Before all of these, Adam White was studied MBA from Harvard Business School. Then served in the U.S. Air Force, also as a consultant at Bain & Co.