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Pershing’s former Head of Compliance hired by Coinbase

Rohnak
Rohnak

Jeff Horowitz, the former global head of compliance at Pershing, has been hired by Coinbase. This is a clear indication that Coinbase is really serious about complying with all the rules and regulations. With increasing compliance, it will be able to tap into many lucrative markets. This is one of the main reasons why it is hiring more and more individuals who can help it comply with the rules and regulations. Once it complies with all of them, attracting the institutional investors will be more easy. This will ensure that they will be able to shore up the volumes to a higher degree as well. This will be the next leg of growth Coinbase.

According to Chief operating officer of Coinbase, Asiff Hirji, each and every industry matures and as it does, it has to comply with the rules and regulations. He further added that Jeff will actually help them move in the right direction when it comes to compliances. This is the reason why this is very critical and important for the cryptocurrency exchange.

“Adding Jeff to our team is one more important step along this journey.” said Coinbase President and COO Asiff Hirji.

Prior to his role at Pershing, Jeff worked in Citigroup, Salomon Brothers, Goldman Sachs. His role was very similar in all of these organizations. As a result, he actually brings in veryrich experience when it comes to compliance.

Coinbase – One of the biggest Cryptocurrency Exchanges:

Coinbase is one of the biggest cryptocurrency exchanges. At the time of Bitcoin in cryptocurrency euphoria, it was pretty popular and the by default option for investors in the developed countries. As a result, it was able to increase its investor base significantly. However, since then Bitcoin is down by approximately 80%. However, the volumes of Coinbase are still going strong as well. Also, the company is investing into developing new products as well as conducting acquisitions as well. This is helping it provide newer and newer solutions to its customer base as well.

In the past, the institutional investors have remained away from the cryptocurrency market due to lack of credibility. With the help of proper compliance with all the rules and regulations, credibility can be easily increased. Also, Coinbase is one of the biggest cryptocurrency exchanges. Thus, if it operates all the rules and regulations, it will certainly be able to attract more and more institutional investors as well. As it attracts more and more institutional investors, the volumes will increase significantly. Thus, Coinbase it seems is moving in the right direction.

coinbaseCrypto Exchangeexchange

Rohnak

I have been following blockchain and crypto technology since its emergence.