Coinbase CTO Balaji Srinivasan Announces Departure After “Incredible Contributions”

By Tabassum
Published May 5, 2019 Updated May 5, 2019
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Coinbase CTO Balaji Srinivasan

Coinbase CTO Balaji Srinivasan Announces Departure After “Incredible Contributions”

By Tabassum
Published May 5, 2019 Updated May 5, 2019

Coinbase exchange in the year 2019 has seen a number of departures. The latest to look after is ‘Balaji Srinivasan’ who was positioned as Chief Technology Officer (CTO) at Coinbase exchange.

The latest tweet of Balaji Srinivasan, thanking Coinbase founder Brian Armstrong’ and company reveals that he will no longer serve Coinbase as the CTO and will be transitioning out within the next few weeks. His departure follows Dan Romero’s exist who served as company’s head of international and left Coinbase during April. Srinivasan in his tweet states that;

Source: Twitter

Srinivasan spent a year and one day in Coinbase after the firm acquired for $120 million in April 2018 where he was heading the role of CEO and co-founder. It looks like the man is parting away after spending the agreed period of time. Nevertheless, since the month of October, Coinbase experienced at least 12 members bid goodbye to the firm who was in the senior or mid-level executives, few known names came out of the sight were Christine Sandler (during controversial Neutrino acquisition debate), Adam White and Dan Romero’.

Also Read: Coinbase Cryptocurrency Exchange Shutdowns Office in Chicago, 30 Employees Lose Jobs

However, he didn’t reveal his next step – and as such, the reason behind his exit is still hidden. Nevertheless, Srinivasan in his other tweet cleared his healthy relationship with the company. He says ‘Coinbase was fun’ and without revealing his upcoming proceeding, he simply adds;

I’ll be taking a bit of time off to get back in shape — and up to speed on everything happening while I was heading down. More soon!

Brian Armstrong appreciates the effort of Balaji Srinivasan and states his contribution is incredible to Coinbase. In his tweet, he mentioned;

Source: Twitter

During his tenure, Srinivasan helped Coinbase scale up the native stable coin USDC as well as strengthen it’s Over-the-Counter (OTC) trading. Moreover, who will replace Srinivasan’s CTO position is still out of sight.

What do you think about Srinivasan’s departure from Coinbase.? Let us know in the comment below.


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About Author
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]

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