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Coinbase's Global Marketing Head Latest to Join Mass Exit
Global Marketing Head John Russ is the latest in a string of departures from the crypto exchange over recent weeks.
Coinbase Global Marketing Head John Russ is leaving the U.S. cryptocurrency exchange, the latest in a host of departures over recent weeks.
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- Russ said in a tweet Wednesday the decision came in response to Coinbase employees being asked to choose between accepting CEO Brian Armstrong's recently announced "apolitical" policy and leaving the firm.
- In the summer, some Coinbase employees had protested internally, seeking a more public position on issues such as Black Lives Matter.
- Armstrong pushed back, saying the firm would focus solely on its financial mission. If offered a severance package for employees unhappy with the position.
- The former global marketing head joins at least 60 other employees in their departure from the exchange representing roughly 5% of the company's headcount.
- On Wednesday, Coinbase Chief Compliance Officer Jeff Horowitz also announced he would be leaving the company although it is not clear if that was because of Armstrong's missive.
- Russ did not immediately return CoinDesk's request for comment.
See also: Coinbase Senior Software Engineer Left This Week, Unclear if Departure Linked to New Policy
Sebastian Sinclair
Sebastian Sinclair is the market and news reporter for CoinDesk operating in the South East Asia timezone. He has experience trading in the cryptocurrency markets, providing technical analysis and covering news developments affecting the movements on bitcoin and the industry as a whole. He currently holds no cryptocurrencies.
