Cryptocurrencies

Coinbase’s Global Marketing Head Latest to Join Mass Exit

Coinbase Global Marketing Head John Russ is leaving the U.S. cryptocurrency exchange, the latest in a host of departures over recent weeks.

  • Russ said in a tweet Wednesday the decision came in response to Coinbase employees being asked to choose between accepting CEO Brian Armstrong’s recently announced “apolitical” policy and leaving the firm.
  • In the summer, some Coinbase employees had protested internally, seeking a more public position on issues such as Black Lives Matter.
  • Armstrong pushed back, saying the firm would focus solely on its financial mission. If offered a severance package for employees unhappy with the position.
  • The former global marketing head joins at least 60 other employees in their departure from the exchange representing roughly 5% of the company’s headcount.
  • On Wednesday, Coinbase Chief Compliance Officer Jeff Horowitz also announced he would be leaving the company although it is not clear if that was because of Armstrong’s missive.
  • Russ did not immediately return CoinDesk’s request for comment.

See also: Coinbase Senior Software Engineer Left This Week, Unclear if Departure Linked to New Policy

Related Stories

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Cryptocurrencies Videos

CoinDesk

CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Its mandate is to inform, educate and connect the global community as the authoritative daily news provider dedicated to chronicling the space. Founded in May 2013, CoinDesk reaches millions interested in blockchain technology thru its website, social media, newsletters, podcasts and video. CoinDesk created the original reference rate known as the Bitcoin Price Index which is widely sourced in the media including The Wall Street Journal, Financial Times, CNBC and many others on a daily basis.

Learn More