Fintech Executive Joins Coinbase to Lead EU Expansion

Fintech-Executive-Joins-Coinbase-to-Lead-EU-Expansion
  • Fintech Executive Joins Coinbase to Lead European Expansion.
  • Daniel Seifert will take over the position.
  • In 2018, Coinbase established a presence in Europe as it opened offices in Ireland.

According to a Bloomberg story, Daniel Seifert, a senior executive from the German financial technology firm Solarisbank AG, has been hired by Coinbase Global Inc. to oversee its European expansion. 

https://twitter.com/WatcherGuru/status/1581915624292626433?s=20&t=77drS-v6xhIC2UA0eZxRng

https://twitter.com/WatcherGuru/status/1581915624292626433?s=20&t=77drS-v6xhIC2UA0eZxRng

After almost three years as the COO of Berlin-based Solarisbank, Seifert will take over the position. According to his LinkedIn biography, he has held previous positions as an associate partner at consulting firm McKinsey & Company and as head of operations and client service at the Swiss investment bank UBS Partner.

The hiring of Seifert also coincides with a changing of the guard as the industry navigates the protracted bear market, with CEOs of multiple large crypto companies either leaving or shifting from their jobs. Seifert has a wealth of expertise in the financial sector.

According to Nana Murugesan, vice president of international and business development, the position is focused on attaining worldwide expansion. In July and September, respectively, Coinbase successfully registered in Italy and the Netherlands. 

Murugesan also told Bloomberg that the cryptocurrency exchange is looking to Spain and France for regulatory permission in 2019.

When Coinbase launched its Ireland offices in 2018, it created a base in Europe. The European Union and the European Economic Area were passported to it once it obtained an Irish e-money license in 2019.

In an interview, Murugesan stated that the corporation sees expanding its global footprint as a must for survival. She continued by saying that the bulk of their potential upside was there, regardless of whether the market was rising or falling.

Tags:
disclaimer read more

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer