Shopify CEO and founder Tobias Lütke has transformed Shopify from a small online marketplace into a global e-commerce giant.
Lütke, who has made a name for himself in the crypto industry recently, will be included in the Coinbase board of directors after the official approval this week.
In a statement, Coinbase emphasized that Lütke will assist Coinbase in its expansion plans as the exchange targets new products that appeal to international crypto traders and investors.
Coinbase CEO Brian Armstrong said in a press release:
“We hope to unlock the potential of crypto to increase economic freedom in the same way Shopify democratizes online commerce”
Lütke was among the early adopters of crypto with Shopify’s integration with Coinbase Commerce.
Lütke also said the following in his statement on the subject:
“The concepts of decentralized finance and entrepreneurship exemplify the promise of the Web3, where opportunities are the majority, not the few.
Coinbase and Shopify share this vision. We are excited to join the board to support the future Brian and the Coinbase team are building.”
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