Cryptocurrency exchange Coinbase is losing another executive.
Dan Romero, who works as vice president for Coinbaseâs international business, announced in a Medium post on Friday that he will be leaving the firm at the end of this month. Romero joined Coinbase in April 2014, according to his LinkedIn profile.
While he didnât provide a specific reason for departing the firm, Romero said:
âStaying true to a mission often requires doing hard (or even unpopular) things. But Iâve been lucky to learn first-hand that itâs those hard things that often generate the most value.â
âIâm planning to take some time to figure out whatâs next,â he continued, adding that he joined Coinbase when it had just 20 staff â it now has a headcount of over 700.
In his time at the firm, Romero has worked on âalmost every aspectâ of the Coinbase business, he said, including banking partnerships and both consumer and institutional businesses.
Despite Coinbaseâs status as one of the most popular and valuable crypto exchanges â it raised $300 million late last year giving it a valuation of $8 billion â there have been a spate of departures (and some arrivals too) in the months since.
Two weeks ago, Coinbaseâs director of institutional sales, Christine Sandler, left the exchange for Fidelity Investments, one of the worldâs largest financial services providers. Earlier this year, the exchangeâs director of data science and risk Soups Ranjan also left, as did senior compliance manager Vaishali Mehta.
And at least nine other senior or mid-level employees have left Coinbase since its October fundraise.
It was previously revealed that, since March 2018, the firm has been offering a cover up to $5,000 a year for treatments like egg-freezing in a bid to retain staff â thatâs in addition to more standard health insurance options.
Coinbase did not respond to a CoinDesk request for comment on Romeroâs departure by press time.
Dan Romero image via Coinbase
