Balaji Srinivasan, the former Chief Technology Officer (CTO) of Coinbase, has left the company after working an entire year. Srinivasan released the information a few hours ago on Twitter explaining his decision to leave the firm.
Coinbase’s CTO Leaves The Firm
Srinivasan co-founded different companies such as Earn.com, which was later purchased by Coinbase for $120 million in April 2018. Now, Coinbase has fully integrated the Earn.com platform and it allows users to learn more about new projects listed on the Coinbase platform. Some of these projects include Basic Attention Token (BAT), Stellar Lumens (XLM), ZCash (ZEC) and 0x (ZRX).
Moreover, Srinivasan helped Coinbase integrate the stablecoin USD Coin (USDC) and the possibility for users to stake and vote on different blockchain networks such as Tezos (XTZ) and MakerDAO (MKR).
According to CryptoSlate, Balaji Srinivasan is a respected technologist that worked at Andreessen Horowitz as well, making important investments in projects such as Ethereum (ETH), Maker and Dfinity, among others.
Before working on the cryptocurrency market, he was the CTO and co-founder of a company called Counsyl, which developed a pre-pregnancy genomic test for heritable diseases. Because of this project, Srinivasan was able to win the Wall Sreet Journal’s innovation award for medicine.
Brian Armstrong, the CEO of Coinbase, Brendan Blumer the CEO of Block.one and Santiago Siri, the Founder of Democracy Earth, wrote to Srinivasan positive messages for his future and what he was able to achieve.
— Brian Armstrong (@brian_armstrong) May 4, 2019
looking forward to your next act! godspeed balaji 🙏
— santi (@santisiri) May 4, 2019
Has been great to see your impact on such an important representative for our whole industry
— Brendan Blumer (@BrendanBlumer) May 4, 2019
At the moment, there is no information about who is going to be working at Coinbase as a CTO. Moreover, Srinivasan didn’t inform which are his plans for the future and what he is going to do in the industry.
Coinbase is one of the most popular exchanges in the market. During the last year, it has included a large number of new coins and projects and the intention is to keep its expansion plans. At the time of writing this article, Coinbase Pro, handled a trading volume of $250 million in the last 24 hours, according to data provided by CoinMarketCap. The most traded pairs were BTC/USD, BCH/USD and ETH/USD.