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UPDATED: September 29, 2019, 7:54AM EDT
<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="https://www.gettyimages.com/detail/news-photo/the-coinbase-headquarters-in-san-francisco-news-photo/959735794" target="_blank">Photo by Christie Hemm Klok for The Washington Post via Getty Images</a></span></span></span>
Quick Take
- Coinbase, the San Francisco crypto exchange is making a pivot to its crypto roots
- The firm plans to focus its institutional efforts on crypto funds and crypto native firms
- As such, Jonathan Kellner — former CEO of Instinet — is no longer joining the firm
- The move could help the exchange better compete with Binance
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For many crypto enthusiasts, mid-2018 feels like a lifetime ago. In those heady days, crypto’s market capitalization stood at $300 billion; rumors swirled that bulge bracket investment banks such as Goldman Sachs were entering the market; and Intercontinental Exchange excitedly announced plans for Bakkt, lauded to be the New York Stock Exchange of crypto. Since then, the market […]
