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Coinbase exec Tim Wagner to step down within next 2 weeks: Report

Wed, 31 Jul 2019, 04:34 am UTC

Coinbase Vice President of Engineering Tim Wagner is reportedly leaving the company within the next 2 weeks, according to CoinDesk.

As per the news outlet, an unnamed representative of the cryptocurrency platform confirmed Wagner’s departure. But as of press time, he is still holding on to its VP Engineering position as per his LinkedIn profile.

The former Amazon Web Services executive, who joined Coinbase last July 2018, would be the latest departure at the San Francisco-based firm.

In recent months, Coinbase has seen a number of departures within and outside of the leadership team. Just recently, Andrew Ridenour, the company’s product counsel for institutional products, left the exchange and rejoined the U.S. Commodity Futures Trading Commission as a Senior Counsel and Policy Adviser to Chairman.

Coinbase has also seen its chief technology officer Balaji Srinivasan, chief operating officer Asiff Hiriji, senior director of engineering Namrata Ganatra, and director of design Connie Yang part ways.

The news comes after the exchange has recently launched a suite of new signaling tools that will help crypto beginners understand trade. It has released aggregated and anonymized data in the form of trading signals that include top holder activity, typical hold time and popularity, and price correlation.

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