The top cryptocurrency exchange has announced that Michael Li will join its management team as the VP of data. Following the appointment, Li who spent the last seven years at Linkedin will take up a position that is similar that which he held at his former job.
The only difference is that he is now a member of the crypto community. Li took to medium, his first ever post on the platform to express his delight after joining Coinbase,
I feel privileged to take on this challenging and rewarding new role to start the next chapter of my career.
Even outside the cryptocurrency industry, clear implementation of data and analytics contribute a lot to the growth of emerging companies. The new employee shared insights into how his role at Coinbase can help them reach new heights.
“Data will be essential to empowering Coinbase’s mission, and core to company’s strategy to deliver the most trusted and easiest-to-use cryptocurrency products and services,” Michael Li wrote.
In addition, he pointed out that for the industry, AI and machine learning will be the key to creating data innovations for emerging blockchain use-cases.
Coinbase Continues To Hire Big
Coinbase CEO, Brian Armstrong recently talked about the possibility of the industry growing to over 1 billion people within the next five years. To this course, the founder seems to have discovered a secret formula to getting the big boys on board with Coinbase.
Just this year, the crypto exchange firms have snapped up Tim Wagner a former employee at Amazon web services to become its VP of Engineering. Among many other prominent hires, Jeff Horowitz was also appointed as a Chief Compliance Officer, a new role in the industry.
In April, Chief Financial Officer Alesia Haas and Chief Technology Officer Balaji Srinivasan joined Coinbase from Oz Management and Earn.com respectively.
The US-based exchange is reportedly worth over 1.6 billion and is backed by private investors such as IVP, Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates.
Transaction volumes on the exchange within the last 24 hours are also over $127 million according to data from CMC.