Coinbase Global Inc. is said to have hired Daniel Seifert, a senior executive from the German financial technology company Solarisbank AG, to lead its European expansion, according to a report from Bloomberg. This move comes at a time when cryptocurrency markets and trading have been experiencing a prolonged downturn.
According to a statement released by the firm, Seifert will join the cryptocurrency exchange in San Francisco as the regional managing director in Europe. Prior to that, he held the position of chief operating officer for Solarisbank for more than two years.
Coinbase intends to fill critical responsibilities across the continent. The company has just received regulatory registration in Italy and the Netherlands, according to the vice president of international and commercial development for the company, Nana Murugesan.