Coinbase lures key Wall Street specialists to the cryptocurrency market

Recently, many prominent specialists from the world of traditional financial management are moving into the cryptocurrency business or blockchain projects. Cryptocurrency exchange Coinbase is adding employees from the traditional financial services sector.

Cryptocurrency exchange Coinbase is actively hiring new employees. The company has hired former clearing company Apex executive Sam McIngval, according to Business Insider. Sam joined Coinbase in March, according to his LinkedIn profile. Sam McInval, former head of digital assets at Apex, will serve as Coinbase's head of digital asset custody solutions.

In late 2017, the exchange announced the launch of Coinbase Custody, a cryptocurrency custody solution that will enable the firm to become the "State Street for cryptocurrency." Such a product would provide additional guarantees for the custody of cryptocurrencies, which could attract more institutional traders and crypto companies to the GDAX platform. McInval, who spent five years with Apex, joins a number of other new Coinbase hires from the traditional financial services industry. Since early 2018, the exchange has hired Hunter Mergart from Barclays as a merchant trader, Christine Sandler as co-director of institutional sales, also from Barclays, and Erik Skro from the New York Stock Exchange.

According to https://chaining.ru