Coinbase, on the 1st of August announced that it has appointed a new chief compliance officer by name, Jeff Horowitz.
Jeff has worked with so many renowned companies in the state’s in the regulatory and compliance department. Before he was been appointed to work with coinbase, he had worked with Pershing LLC, a daughter company to BNY Mellon. This is an investment firm which provides brokerage custodial services to it’s clients with over $1 trillion worth of assets under it’s management.
Before moving on to Pershing, he has already worked with Goldman Sachs as well as Citigroup and the Federal Deposit Insurance Company(FDIC). All his life, he had worked in the compliance and anti-money laundering department, a turning point for coinbase as it plans to explore more into the securities industry.
Coinbase’s president referred to Jeff as the impeccable candidate for the job in his speech:
HIRING JEFF IS RECOGNITION ON OUR PART THAT NAVIGATING COMPLIANCE COMPLEXITIES ON A GLOBAL SCALE REQUIRES A CONCERTED, CROSS-FUNCTIONAL EFFORT, GUIDED BY LEADERS WITH EXPERIENCE THAT SPANS POLICY, FINANCIAL SERVICES, AND CORPORATE GOVERNANCE.
The exchange platform is working so hard to provide the best services for its clients, as to this effect, they recently announced that five more coins are undergoing reviewing process and would soon be listed on the platform for trading, among them are Zcash, Basic attention token and stellar lumens. How about it’s recent partnership with London-based WeGift which aims to allow it’s clients to buy virtual Giftcards with cryptos? In summary, coinbase is gradually finding it’s way to becoming the best exchange platform in the crypto industry.