Coinbase Executive Leaves the Firm and Goes to Fidelity Amid Customer Data Drama
Coinbase, one of the most important crypto-related platforms in the market, lost another executive. This time, Christine Sandler, the Director of Institutional Sales, will be leaving the firm. Coinbase has been criticized by enthusiasts in the crypto market after reports emerged about the firm selling clients’ data to other companies.
Christine Sandler Leaves Coinbase
Sandler has decided to leave Coinbase and move to Fidelity Investments. The information was released by The Block a few days ago. Mrs. Sandler was the representative of the company that revealed the information regarding customers’ data and how the firm was selling it to other firms. She made that statement during an interview with Cheddar, in which she unveiled that their providers were selling customers’ data to outside sources.
Now, Sandler will be working at Fidelity Investments, one of the largest financial firms in the world. Coinbase has not yet informed about this situation. Nonetheless, according to The Block, a spokesperson of the exchange confirmed the information.
According to a source that talked with CoinDesk, Sandler has decades of experience in working with traditional financial institutions.
About it, the source stated:
“It has become clear that Coinbase is focusing on crypto first and crypto-native hedge funds and the team that Adam White brought on board was very much focused on the institutional world. Christine is part of that; she had decades of experience of working with traditional financial institutions. Her skills are much better suited to a company that is taking that approach.”
Coinbase offers different crypto-related solutions for individuals and companies. One of the latest solutions that they have unveiled is the possibility for Coinbase Custody customers to stake their digital assets and have a profit with it. The first cryptocurrency that will be backed by the firm is Tezos (XTZ) and MakerDAO (MKR) will follow.
Meanwhile, Coinbase Pro has registered a trading volume in the last 24 hours of $32 million, becoming the 54th largest exchange in the market in terms of trading volume.