Head of Coinbase Exchange Steps Down From Role

Coinbase, one of the leading U.S.-based cryptocurrency exchanges, is losing one of its top executives. Vishal Gupta, who served as the Head of Exchange, has decided to leave the company to work on a new project, according to a report by Bloomberg.

Gupta had been with Coinbase for over two and a half years, and prior to his time in the crypto industry, he worked at Goldman Sachs, a prominent traditional finance powerhouse.

Gupta’s departure comes at a challenging time for both Coinbase and the broader crypto industry. Cryptocurrencies have been hit hard by a series of bankruptcies and bank collapses, and Coinbase has also found itself under scrutiny from the Securities and Exchange Commission (SEC).

Gupta’s departure is not the only high-profile exit from Coinbase in recent times. Earlier this year, Coinbase’s Chief Product Officer, Surojit Chatterjee, announced his decision to leave the exchange.