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Coinbase head of exchange departs and plans to start new crypto project: Report

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Vishal Gupta, who has been the head of exchange at Coinbase (NASDAQ:COIN), is reportedly leaving his position after more than two years at the United States-based cryptocurrency exchange.

According to an April 10 Bloomberg report, Gupta planned to exit Coinbase but remain in the crypto space, suggesting he could be planning to start a new project focused on digital assets or blockchain. Prior to his time at Coinbase, Gupta had been the head of USD Coin (USDC) for stablecoin issuer Circle and earlier was a vice president for Goldman Sachs (NYSE:GS).

Former FTX CEO Sam Bankman-Fried was one of the first people to congratulate Vishal Gupta on his position as Coinbase head of exchange in 2020. Source: Twitter

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