Coinbase supports expansion in Europe with new hires

Coinbase has made official the hiring of several management personnel to strengthen leadership positions in Europe. The news was revealed shortly after the platform laid off more than 60 employees earlier this month due to difficult market conditions.

Coinbase is one of the most present exchanges in the digital asset market. After the demise of FTXCoinbase was ranked as the second exchange with the highest trading volume and looks to try to catch up to the first place held by the giant Coinbase. Binance.

For months now, the main growth strategy of the exchange focused on expansion in Europe. Coinbase strengthened its staff and obtained licenses to operate in countries such as Germany, Chipero and others. The platform seems to continue to focus on Europe and to this end has decided to rstrengthen its team with senior positions.

As reported by Bloomberg, Coinbase has convinced senior officials from other blockchain and Web3-related companies to join its team.. The former general manager of the Crypto.com exchange platform will become the general manager of Coinbase in Ireland. Michael Schroeder, who previously held the position of chief compliance and risk officer at the Bittrex exchange, will now become Coinbase’s new director of platform control in Germany.

Finally, Elke Karskenshas received a senior promotion within Coinbase’s UK platform. Karskens will move from senior marketing manager to general manager of the platform.

Hiring is always synonymous with good news, especially when suffering from such an adverse market situation for the industry. Coinbase itself has had to adapt to the situation and lay off about 60 employees of its workforce. A couple of weeks ago, Coinabse’s stock hit its lowest since its IPO last year, falling to about $42.when the initial launch price was over $300.

Continue reading as Coinsquare is the victim of a data leak.could be interesting.