Coinbase has stepped up its expansion plans, strengthening its senior staff in Europe.
The FTX crisis has made conditions difficult for crypto companies, which have been struggling with the decline since May. Coinbase laid off more than a thousand of its staff due to the bear market earlier this year, and its shares are down nearly 82 percent after the start of the year. To round things up, the company has prepared an expansion plan for Europe and is accelerating its work.
Coinbase Accelerates European Expansion
Coinbase has added new names to its senior staff in Europe as conditions continue to get tough for cryptocurrency exchanges globally.
In the statement made by the company, it was stated that Cormac Dinan, who served as the General Manager at Crypto.com, joined Coinbase as the Country Director of Ireland. Michael Schroeder, former Chief compliance and risk officer at Bittrex, will join the crypto exchange as Germany’s managing director.
Coinbase has also promoted Elke Karskens as new country director in the UK and Patrick Elyas as director of market expansion in Europe, Middle East and Africa.
The latest hires come after Daniel Seifert, a senior executive at German financial technology company Solarisbank AG, was appointed Regional General Manager EMEA last month.
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