Roger Bartlett Leaves Goldman Sachs To Join Coinbase Global

• Roger Bartlett, a Goldman Sachs executive, announced his exit from the investment firm. Roger will be joining Coinbase Global.

• Coinbase is the largest bitcoin exchange in the United States and the world’s second-largest. In the last year, the crypto exchange behemoth has significantly doubled its workforce. 

• Coinbase announced in its fourth-quarter financial report for 2021 that it plans to hire 6,000 additional staff this year, with a focus on customer support and reliability.

In a LinkedIn post, Goldman Sachs executive Roger Bartlett announced his departure from the investment firm to join Coinbase Global.

Bartlett will be the worldwide head of operations for the main bitcoin exchange in the United States.

The former Goldman Sachs executive is the latest high-ranking employee to leave Wall Street for the blockchain and cryptocurrency space.

Bartlett will work with four Coinbase leaders, including President and Chief Operating Officer Emilie Choi, Chief Finance Officer Alesia Haas, and Vice President of Institutional Products, after serving as the global co-chief of operations for global markets at Goldman Sachs. Brett Tejpaul, Head of Institutional Sales, and Greg Tusar.

Bartlett says in an interview, “Now is the time to embrace the crypto economy… It’s time for me to pursue my passion for enabling the next-generation crypto economy.”

The largest bitcoin exchange in the United States and second-largest in the world is Coinbase. 

The crypto exchange behemoth has dramatically increased its manpower in recent years. The company’s employment tripled between 2020 and 2021, with 3,730 employees by the end of the year.

Another former Goldman Sachs employee, former Vice President Gaurav Budhrani, will join Bitcoin mining business PrimeBlock as CEO in September 2021, following Bartlett’s departure.

Coinbase released its fourth-quarter financial report for 2021, in which the company indicated that it planned to add 6,000 new employees this year, with a focus on customer support and reliability.

According to a letter to shareholders sent out on Friday, Coinbase had 3,730 full-time employees as of December 31, more than three times the amount expected in 2020.

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Bartlett’s Final GoodBye 

“I’d like to take a moment to thank all of the wonderful colleagues with whom I’ve worked at Goldman Sachs,” Bartlett said, adding that it’s been “a true pleasure to work alongside you… I’ve grown and learnt more than I could have expected.”

Several of Coinbase’s most recent hires come from the traditional finance (“tradfi”) industry.

The bitcoin exchange hired a former Securities and Exchange Commission expert to head up its public policy department earlier this year.

Goldman Sachs, headquartered in New York City, presently manages more than $2 trillion in assets (AUM).

Coinbase’s stock is now trading at around $174. It is down 5% since the market began on Friday at the time of writing.

Some believe the tumultuous investment bank is too accountable for the financial crisis of 2008.

Satoshi Nakamoto was inspired to create Bitcoin after the financial crisis.

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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