Coinbase Hires Daniel Seifert To Lead Its European Division

• Coinbase has hired Daniel Seifert as its Regional Managing Director for its European expansion.
• The crypto platform continues seeking regulatory approvals in France and Spain.
• Brian Armstrong has decided to sell about 2% of his Coinbase holdings.

Popular crypto platform, Coinbase has hired Daniel Seifert, a senior fintech executive, for the role of Regional Managing Director for its European expansion. Daniel is expected to oversee the company’s development in Europe while battling a persistent decline in cryptocurrency markets and trade, in his new role.

Prior to the new appointment, Seifert served as the chief operating officer (COO) of Solarisbank. Coinbase is looking for regulatory approvals in France and Spain after receiving permission in the Netherlands last month.

The Vice President of Coinbase’s International and Business Development division exclaimed:

International expansion is an existential priority for us, whether it’s a bull market or bear market, that’s where most of our upside is.

Murugesan added that the firm is also seeking registration and holding discussions in Ireland and the UK about joining the countries’ respective crypto asset regulatory regimes.

Furthermore, Brian Armstrong, the CEO of Coinbase, recently took to Twitter to share that he has decided to sell about 2% of his Coinbase holdings over the next year to fund scientific research and companies like NewLimit and ResearchHub.

According to Forbes, Armstrong holds about 19% of Coinbase’s shares, putting his holdings at around $2.7 billion. This would make his scientific donations worth around $54 million.

Armstrong further added:

I’m fully dedicated to growing our business and advancing our mission, but I am also excited to contribute in a different way.

Armstrong funds both NewLimit and ResearchHub, with the former committed to prolonging human life through epigenetic reprogramming.