Goldman Sachs veteran becomes head of global financial operations at Coinbase

Roger Bartlett, a former executive at Goldman Sachs, one of the largest financial institutions on Wall Street, is moving to Coinbase. Bartlett is a veteran at Wall Street, having held several positions at Goldman Sachs since 2005.

Goldman Sachs exec joins Coinbase

Bartlett posted this news on his LinkedIn page, saying that he will be heading the global financial operations at Coinbase. Before taking this position, Bartlett worked for 16 years at Goldman Sachs. He served as the global co-head of operations for global markets at the investment bank.

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At Coinbase, Bartlett will work with Coinbase’s CFO, Alexia Haas and the chief operating officer, Emilie Choi. He will be involved in enabling users to “embrace opportunities offered by digital assets and its ecosystem.” Bartlett noted that he believed it was the appropriate time to be part of the crypto economy.

“It’s time to follow my passion to help enable the next generation crypto economy. The inspiring purpose-led mission to create economic freedom in the world, in a customer first, automation first approach is a once-in-a-lifetime opportunity to be part of building the next stage of the digital evolution,” he said.

This is not the first time an executive on Wall Street is joining the crypto sector. In November 2021, Gaurav Budhrani, another former executive at Goldman Sachs, said she was joining PrimeBlock, a cryptocurrency mining firm. She is now the CEO of the mining firm.

Coinbase Q4 results

The announcement comes shortly after Coinbase released its financial results for the fourth quarter of 2021. During the quarter, transaction fees charged by the exchange platform accounted for 91% of the net revenue, equating to more than $2.2 billion.

The financial results also showed that Coinbase planned to expand its team in 2022. To do this, it would increase the number of employees by 6000. The hiring would focus on the customer support and reliability divisions. Coinbase also sent a letter to its shareholders on Thursday, where it mentioned having 3730 full-time employees by the end of 2021. This figure is three times higher on a year-on-year basis.