Menu IconA vertical stack of three evenly spaced horizontal lines. Facebook Messenger boss David Marcus is joining the board of bitcoin startup Coinbase. The move is a big win for Coinbase, which has the most popular app in the Apple’s US App Store, thanks to bitcoin board bitcoin craze.
As interest in bitcoin soars, a senior Facebook executive is joining the board of Coinbase, a startup that helps consumers trade and store the cryptocurrency. In a blog post, Brian Armstrong, Coinbase’s CEO, said he was “pleased” to have Marcus join the company. His “experience will add breadth and depth to the Coinbase board and will help the leadership team as the company focuses on becoming the most popular and safest place to buy and sell digital currencies,” Armstrong said. In the same blog post, Marcus said he’d been keeping a close eye on cryptocurrencies since 2012 and was excited about how Coinbase was popularizing their use. I’m convinced that what the company is working on has the potential to materially change the lives of people around the world, and I’m looking forward to working with Coinbase and its leadership team to help make this vision a reality,” he said. Luring Marcus to its board is a big win for Coinbase.
Arguably, he will be the company’s highest-profile director, sitting alongside Andreessen Horowitz’s Chris Dixon and Fred Wilson from Union Square Ventures. Get the latest Bitcoin price here. This brings many benefits to traders, including transparency, efficient price discovery, deep liquidity and centralized clearing. XBTSM futures provides a centralized marketplace for participants to trade based on their view of bitcoin prices, gain exposure to bitcoin prices or hedge their existing bitcoin positions.