Cryptocurrency RegulationNews

Cryptocurrency Exchange Coinbase Hires FinTech Executive To Manage Its European Division

The second largest cryptocurrency exchange in the world by trading volume Coinbase Global inc. has a new regional managing director for Europe in the person of Daniel Seifert. Before taking up this new role, Seifert formerly served as the Chief operating officer (COO) for Germany’s fintech Solarisbank.

Coinbase Hires Massively In Europe

After laying off staff massively earlier this year in one of the most shocking crypto layoffs, crypto exchange Coinbase has resumed filling up roles. On getting operation approval from some European countries and several others, the exchange will become well-established across the continent.

Per Bloomberg, Coinbase has employed Daniel Seifert, an ex-top-level executive with Germany-based FinTech firm Solarisbank AG, to help expand the company’s operations into Europe as its regional managing director. Seifart will be taking up the role after working as a COO at Berlin-based fintech Solarisbank.

Nana Murugesan, vice president of international and business development at Coinbase, stated that the firm plans to employ more people to fill core roles on the European continent. Seifert’s role is mainly to achieve expansion internationally for Coinbase.

The new managing director was previously a top-level executive with the Swiss investment bank UBS Partner. He was also an associate partner at the consultancy firm, McKinsey & Company, for nine years.

📰 Also read:  Here Are Potential Candidates to Replace Gary Gensler as SEC Chair

Seifert’s role will include the following:

  • Pushing the company’s growth in Europe.
  • Promoting Coinbase’s mission in this region.
  • Hiring top talents there.

Also, he is to support critical regulatory efforts and ensure that Coinbase operates in total compliance with relevant local regulatory laws.

Coinbase’s Europe Expansion

The crypto exchange first expanded into Europe in 2018 when it established its Ireland headquarters. Then, it received an Irish e-money license in October 2019, which allowed it passported access to the European Union and the European Economic Area.

The firm already has in-principle approval in countries like Italy and the Netherlands, while it is seeking crypto approval in other European markets like the UK, France, and Spain. In June of this year, Murugesan mentioned the need for a regional manager to spearhead its European operations. He also stated that Coinbase entered U.K. and Europe during the last big bear markets of 2015 and 2016.

Two years later, the U.K. is now a massive part of Coinbase’s European operations. Murugesan stated that the crypto exchange made bets which have paid off significantly. The firm’s vice president of legal, Katherine Minarik, said Coinbase is currently in talks to get its operating license in more European countries.

📰 Also read:  Dogwifhat (WIF) Explained - Everything You Need to Know About the Solana Meme Coin

24K-Production / Shutterstock.com


Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  Ethereum Layer-2 Volumes Surge 70% in November, DefiLlama Data Shows

Leah Hutton (Luxembourg)

Leah Hutton has recently joined Tokenhell team as a freelance writer. She has comprehensive knowledge of blockchain and various cryptocurrencies.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content