Digital currency trade exchange company, Coinbase, is losing another official. After Completion of a 5-Year Term Dan Romero Leaves Coinbase.
According to his LinkedIn profile, Romero joined Coinbase in April 2014 and works as vice president for Coinbase’s international business. In a Medium post on Friday, he announced that at the end of this month, he will be leaving the firm.
Even though Romero did not provide a specific reason for departure, he said:
“Staying true to a mission often requires doing hard (or even unpopular) things. But I’ve been lucky to learn first-hand that it’s those hard things that often generate the most value.”
Adding that he plans to take some time off “to figure out what’s next”. Reminiscing, Romero also stated that he joined Coinbase, it had just 20 staff, whereas now it has over 700.
Romero says he has participated in pretty much every sector of the Coinbase business, in his time at the firm. This includes banking organizations and both consumer and institutional businesses.
Coinbase has created its status as one of the most popular and valuable cryptocurrency exchange companies. Having raised $300 million late last year, it increased its valuation to $8 billion. Despite the rapid expansion in the months since there has been much employee turnover.
Christine Sandler, Coinbase’s director of institutional sales, left two weeks ago to join one of the world’s largest financial services providers, Fidelity Investments. Other who moved on earlier this year is senior compliance manager Vaishali Mehta, and director of data science and risk Soups Ranjan.
Coinbase lost at least 9 senior or mid-level employees as the funds raised in October.
In a bid to retain staff, since March 2018, in addition to more standard health insurance options, the company has provided the cover of up to $5,000 a year for specialty treatments like egg-freezing.