Major cryptocurrency exchange Coinbase has appointed compliance executive Jeff Horowitz to its new position of chief compliance officer. The new role underlines the commitment of the US exchange to operate in compliance with the regulatory requirements that are being set in the sector. The move also follows Coinbase’s three recent acquisitions aimed to extend its appeal to institutional investors.
“As Coinbase — along with the cryptocurrency space as a whole — grows and matures, continued regulatory compliance across all the varying jurisdictions globally will be critical. … Hiring Jeff is recognition on our part that navigating compliance complexities on a global scale requires a concerted, cross-functional effort, guided by leaders with experience that spans policy, financial services, and corporate governance.”, Asiff Hirji, Coinbase’s president and chief operating officer explained.
Horowitz was formerly managing director and global head of compliance at Pershing LLC, a subsidiary of Bank of New York Mellon (NYSE:BK). Prior to that he took various compliance and AML positions at Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), and Salomon Brothers.
His past legislative expertise is also highly valued, as Jeff Horowitz was a member of several relevant committees including those of Security Industry and Financial Markets Association (SIFMA), and the Financial Industry Regulatory Authority (FINRA).
Currently, Coinbase customers can trade Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC). Recently, the exchange operator announced that it would add Cardano (ADA), Basic Attention Token (BAT (LON:BATS)), Stellar (XLM), Zcash (ZEC), and Ox (ZRX). Additionally, Coinbase.pro, previously known as GDAX, is the company’s trading platform targeted at active speculators.
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