Vice President of Coinbase International announced on Friday he would leave the company. Working for Coinbase since 2014, the end of the month would reflect the last days of his involvement for the cryptocurrency business.
Romero stayed authentic to himself during his time with Coinbase saying,
“Staying true to a mission often requires doing hard (Or even unpopular) things. But I’ve since been lucky to learn first-hand that it’s those hard things that often generate the most value.”
One reason he may be leaving is that Coinbase has made it clear they will no longer provide services to firms on Wall Street. The announcement was backed by the exiting of Christine Sandler and Adam White, two of the company’s cryptocurrency leaders. Until now, the company was known for serving major firms on Wall Street in order to help grow its foundation. Since the announcement three of the company’s top execs have decided to quit and people are wondering why.
“After 5 years, I’m leaving Coinbase at the end of the month, I’m planning to take some time to figure out what’s next, but I remain as optimistic as ever about the potential of cryptocurrency and Coinbase,” Romero said.
He went on to add that,
“An increasing number of cryptocurrency entrepreneurs are quietly building the infrastructure necessary for a more open, permissionless and decentralized version of the internet and the global financial system.”
Romero is known for working on nearly ever part of the Coinbase infrastructure. His involvement includes the banking and consumer-related portions of the company as well. Other than Romero, no less than nine mid to senior-level employees have departed Coinbase since it’s a fundraiser in October. Attempts to reach Coinbase for any answers on questions related to why company employees are choosing to walk away have remained unanswered.
Why do you think so many have decided to depart Coinbase? Leave your ideas in the comment section below.