Coinbase Steps Up Europe Expansion Despite Crypto Meltdown

Coinbase Global, Inc COIN strengthened its European top ranks to help lead its regional expansion plans.
Cormac Dinan, a general manager at Crypto.com, joined Coinbase as country director for Ireland.
Michael Schroeder, former chief compliance and risk officer at Bittrex, will join the crypto exchange as director of controls for Germany.
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Coinbase also promoted Elke Karskens as the new country director in the U.K. and Patrick Elyas as director of market expansion in Europe, the Middle East, and Africa.
In October, Coinbase appointed Daniel Seifert, a senior executive from German financial technology company Solarisbank AG, as regional managing director for EMEA.
Coinbase’s expansion plans in the region come as cryptocurrency exchanges face a crisis of confidence following the swift collapse of Sam Bankman-Fried’s FTX.com, Bloomberg reports.
Shaken by FTX’s swift demise, users have rushed to yank out their cryptocurrencies from exchanges.
Price Action: COIN shares traded lower by 3.32% at $42.81 in the premarket on the last check Monday.
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