Coinbase's Head of Exchange/Market Resigns After 2.5 Years

Coinbase Head of Exchange/Market Vishal K. Gupta has left the exchange after completing his 2.5 years. Vishal joined Coinbase in September 2020 and helped the crypto exchange to expand its assets from 27 to 534.

1/6 After an amazing 2.5 years at @Coinbase, I’ve decided it’s time for me to move on. As Head of Exchange/Markets @Coinbase, I’m proud of the accomplishments we achieved together
— Vishal K. Gupta (@vishalkgupta) April 10, 2023

The Head of Exchange/ Market wrote in his LinkedIn post that after working with Coinbase for more than 2 years, he plans to move on to the market and establish something new with the help of his experience.

In the same post, Vishal wrote that Company acquired FairX and launched Coinbase derivative exchange. Before joining Coinbase, Vishal worked with Circle Consortium in charge of the launch and growth of USDC.

Vishal also worked as Vice President and Head of US-listed options with Goldman Sachs. He worked with Cisco Systems as Hardware Engineering Analyst, and this was his first job in the industry.

According to Bloomberg Crypto reports, Vishal planned to quit his job at Coinbase while working in the crypto industry. The statement to remain in the crypto space seems to hint that Vishal may develop a new project focused on digital assets or blockchain in the upcoming time.

At the press time, neither Twitter nor LinkedIn of Vishal mirrors any change in his current position.

Earlier on March 31, TheCoinRepublic reported that Coinbase, the centralized crypto exchange, hired Lucas Matheson as Country Director in Canada, intending to expand Coinbase usage in Canada.

Coinbase backed a lawsuit against mixer Tornado Cash and demanded to uplift the ban from Tornado Cash. Supporting the lawsuit is a way to challenge the United States government’s decision.

COIN Stock changed its gear on April 10, soaring more than 7% to $66.13. In the same trading session, the COIN Stock opened at $61.37, hit a high of $66.19 and a low of $59.66, and closed after adding $4.69 to its opening prices.

In the last quarter of 2022, Coinbase registered more revenue than the estimated figures. The estimated revenue for the first quarter of 2023 is $659.37 Million.

According to the Coinbase website, more than 70% of exchanges’ annual income is generated from retail. Over 9% is generated from interest and yield, around 8% from blockchain rewards, and the remaining revenue from subscriptions and other services.

In a monthly session, COIN Stock mirrors an uptrend of more than 17%; in the quarterly trading session, the COIN stock gained over 75.13%. The 52-week trading range of COIN stock is $31.55 to $162.44.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.