The U.S. based cryptocurrency exchange Coinbase has hired a former Google executive as a new Chief Product Officer (CPO). After over a month since the previous CPO left the company, the popular exchange has replaced him with Surojit Chatterjee.
In December last year, Jeremy Henrickson left his position at the company as the Chief Product Officer. Coinbase announced yesterday that they are filling the vacant spot with the former vice president of product at Google Shopping – Surojit Chatterjee.
His experience with the tech giant will come in handy with his new position, according to the CEO of the exchange – Brian Armstrong. He also said that Chatterjee’s new duties will focus on “making the crypto-economy accessible to millions more people through Coinbase’s suite of products.”
Moreover, Armstrong considers that hiring Chatterjee will help “shift cryptocurrency from this speculative asset class to driving real-world utility.”
The new CPO also spoke on the matter, outlining his belief in the exchange to impact the financial sector:
“I’ve always enjoyed being associated with technology that is on the brink of changing how we live. Google ads have helped democratize commerce, Flipkart and e-commerce have revolutionized life in India, and I believe Coinbase is going to turn conventional finance on its head.”
According to another report, the largest U.S. cryptocurrency exchange has opened new custody operations in Ireland’s Capital Dublin to help its non-U.S. institutional clients store their assets.
Dubbed Coinbase Custody International, it will initially serve European customers but eventually should expand to the Asian market as well. Sam McIngvale, CEO of Coinbase Custody, explained that and the importance of such international products in a mainly unregulated market:
“In the absence of clear regulation anywhere around the world, I think folks want to be as close to home as they can be. That’s the regime that they understand and are tracking to.
We think we can service most of Asia and other international markets out of Custody International.”
McIngvale also spoke about Coinbase’s assets under custody, saying that the company has over $7 billion and around $1 billion is relocated for the international clients.