What's Hot

    Binance Freezes $4.4 Million Worth of Crypto

    May 27, 2023

    Binance Partners with Gulf Innova to Launch Exchange in Thailand

    May 27, 2023

    Microsoft and Visa Set to Participate in Brazil CBDC Pilot

    May 26, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    The Bull's GazetteThe Bull's Gazette
    Members Area
    • News
      1. Markets
      2. Policy & Economy
      3. Business
      4. Tech
      Featured

      Binance Freezes $4.4 Million Worth of Crypto

      News May 27, 2023
      Recent

      Binance Freezes $4.4 Million Worth of Crypto

      May 27, 2023

      Binance Partners with Gulf Innova to Launch Exchange in Thailand

      May 27, 2023

      Microsoft and Visa Set to Participate in Brazil CBDC Pilot

      May 26, 2023
    • Features
      • Opinion
    • Research
      • Publications
      • Market Analysis
      • Contribute
    • Finance & Crypto Guides
    • Consultation
    • Membership
    • Store
    The Bull's GazetteThe Bull's Gazette
    Home»News»Coinbase Head of Exchange Quits  
    News

    Coinbase Head of Exchange Quits  

    Anietie DavidBy Anietie DavidApril 12, 2023Updated:April 12, 2023No Comments2 Mins Read
    Coinbase Head of Exchange Quits  
    Image from Wikimedia Commons
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Vishal Gupta, the head of exchange and markets at Coinbase, has departed the business. The executive’s departure comes shortly after the US Securities and Exchange Commission (SEC) issued Coinbase a Wells notice. Vishal Gupta announced his departure from Coinbase in a Twitter thread on Monday (April 10, 2023), following almost three years as the company’s head of exchange and markets, a job he assumed in September 2020.

    1/6 After an amazing 2.5 years at @Coinbase, I’ve decided it's time for me to move on. As Head of Exchange/Markets @Coinbase, I'm proud of the accomplishments we achieved together

    — Vishal K. Gupta (@vishalkgupta) April 10, 2023

    The CEO outlined some of Coinbase’s successes during his tenure, including the expansion of assets from 27 to 236 and the purchase of the derivatives platform FairX, which was later renamed as Coinbase Derivatives Exchange.

    3/6 We acquired FairX and launched Coinbase Derivatives Exchange (a CFTC regulated DCM), which brings an amazing team and technology that will help power the future

    — Vishal K. Gupta (@vishalkgupta) April 10, 2023

    According to his LinkedIn page, Gupta was vice president and head of US-listed options at prominent investment firm Goldman Sachs for eight years before joining the exchange. The former Coinbase executive was also instrumental in the introduction and expansion of Circle’s USDC.

    While a Bloomberg article citing an unidentified source indicated that the executive was leaving the business to concentrate on a new project, Gupta stated that his next goal was to build, without providing any other details.

    Gupta’s exit is the latest in a long line of CEOs who have either resigned or departed crypto firms, particularly during the downturn market. Alex Appleton, CFO and executive director of bitcoin miner Argo Blockchain, retired in February 2023, while BitMEX

    Coinbase Battle With US Regulators

    Meanwhile, Coinbase has been facing regulatory hurdles in the United States. In March 2023, the crypto exchange received a Wells notice from the SEC, with the regulator stating that the company may have contravened securities laws.

    While the exchange believed the SEC was targeting its staking service, spot market, Coinbase Prime, and Coinbase Wallet, the company said it was not violating any law and was ready to face any legal action. There were also reports that the American crypto exchange giant was looking to set up a new platform that would service global clients.

    Coinbase
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleBinance US Delist Tron Due to Regulatory Concerns
    Next Article Bitrue Exchange Loses $23 Million in Crypto Hack
    Anietie David

    Anietie has worked in the blockchain industry for three years, gaining experience in blockchain technology, cryptocurrencies, DeFi, and NFTs. As a seasoned content writer, he is passionate about creating effective content strategies for blockchain brands. In addition to content writing, he also has a strong interest in front-end development. When he's not working, he spends his time reading horror novels or playing CODM.

    Related Posts

    Binance Freezes $4.4 Million Worth of Crypto

    May 27, 2023

    Binance Partners with Gulf Innova to Launch Exchange in Thailand

    May 27, 2023

    Microsoft and Visa Set to Participate in Brazil CBDC Pilot

    May 26, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    Top Posts

    French Lawmakers Looking to Relax Strict Crypto Regulations 

    May 26, 2023

    Russian Lawmakers Propose Changes to Digital Ruble Bill

    May 24, 2023

    Japan Set to Enforce Strict Crypto Anti-Money Laundering Laws

    May 24, 2023

    Our best content, straight to your inbox.

    Disclaimer

    Capital at risk. Content on this website does not constitute financial advice. Please do your due diligence before making any investment.

    Company
    Company

    At the forefront of news and analysis for emerging markets, business, crypto and tech - TBG is redefining financial information through resources for next-generation economics.

    Facebook Twitter Instagram LinkedIn TikTok Discord
    Links
    • About
    • Contribute
    • Advertise
    • Careers
    • Membership
    • Investor Relations
    • Frequently Asked Questions

    TBG Newsletter

    © 2023 The Bull's Gazette.
    • Terms and Privacy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.