The Coinbase cryptocurrency exchange may move away from the types of digital asset securities that are subject to U.S. Securities Act, but it is still hiring a lot of people from investment banks.
The top jobs at Coinbase in London are filled with people with financial experience, some of whom have been with us for a longer period of time. – Head of EMEA Sales, Guillaume Chatain, previously worked for JPMorgan’s private bank for almost 10 years, most recently as Head of Equities for Asia; Head of Institutional Coverage for EMEA Andrew Robinson was previously in stock sales at Jefferies, Nomura and Lehman; Gurvinder Sandhu, Head of EMEA and APAC Trading Execution, previously worked for Jane Street. However, there are signs that Coinbase is now also expanding its junior ranks with associate-level hiring from investment banks.
One of the youngest of these employees is George Toporov, a former emerging market interest rate trader at HSBC in London who has just joined the London office as a senior OTC seller. In May, Coinbase also hired Stephen Dowds, a former Prime Finance employee at JPMorgan. In July, the company hired Ziedune Mikalajunaite, a former employee in structured financial account management at Deutsche Bank.
Bloomberg reported in May that Coinbase is expanding its institutional prime brokerage unit, and Dowds, Meika, appeared to have been hired for the London office along these lines. Ali Shehadeh, a former relationship manager at Citi’s private bank, also joined Coinbase’s London prime broking team in April.
Coinbase announced second quarter results on August 10th. The company’s revenue for the second quarter was $ 2.23 billion and net income was $ 1.61 billion. After adding 450 employees in the second quarter alone, Coinbase now has 2,176 full-time employees, up from just over 1,000 in the second quarter of 2020. Share-based compensation expenses were $ 294 million for the first six months of 2021, an average of 108,000 Dollars per capita.
Photo by Art Rachen on Unsplash
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