Coinbase Institutional Coverage Group will now be led by Jonathan Kellner, who will join the team as managing director. Coinbase, one of the largest cryptocurrency exchanges in the US, recently announced that it is bringing on board the financial industry veteran with more than two decades of experience. As more people and more organizations get into the sector, Coinbase wants to ensure that it has diverse talent on its platform to take the lead in the growing industry.
Financial Market Experts Welcomed to Coinbase
Kellner most recently worked as the CEO of Instinet, one of the early companies in electronic trading and execution services. Before joining Instinet as CEO in 2008, he led the US Sales Trading Group of the company. He also held prominent positions at Morgan Stanley and Charles Schwab & Co., which could be very useful for the crypto exchange.
With more than two decades of financial market experience, he will be leading institutional sales for Coinbase. He will also take care of support organizations and will help in driving institutional crypto trading products on the platform.
Coinbase’s Vision Grows Bigger With Time
In a blog post announcing Kellner’s appointment, Coinbase talked about the maturing crypto market and its evolution into a tradable asset class, which will include institutional crypto investors like crypto hedge funds and token issuers, as well as traditional finance firms like hedge funds, asset managers, banks, and even family offices. Each of these market segments will play a different role and will have different needs.
The exchange commented on the importance of Keller’s appointment, saying:
“As Coinbase continues to grow and act as the bridge between traditional finance and crypto world, we’re committed to bringing on leaders who can help us chart a course through these previously uncharted waters.”
Even as cryptocurrencies are going through a bearish market, refusing to move toward its all-time highs, Coinbase remains hopeful of good times. The exchange has taken the challenge as an opportunity and expanded significantly across the globe. It now has separate services for retail and institutional investors and provides custodial services as well. A few reports are pointing toward a possible ETF proposal by the exchange to the Securities and Exchange Commission.
Coinbase Appoints Jonathan Kellner as Managing Director of Institutional Coverage Group was originally found on [blokt] – Blockchain, Bitcoin & Cryptocurrency News.