C-Suite Departure: Coinbase's Chief Product Officer Has Left the Startup

A C-suite executive has left Coinbase, the cryptocurrency exchange turned tech unicorn.

CoinDesk confirmed Tuesday that Jeremy Henrickson is no longer with the company, having departed on November 2. Henrickson started with Coinbase in July 2016 and served as VP of product and engineering before becoming chief product officer in 2017, according to his LinkedIn.

“Jeremy's contributions to Coinbase over the past two years were invaluable," a Coinbase spokeswoman told CoinDesk. "He helped to build our scrappy startup team into a high-functioning product and engineering organization—overseeing a 5x+ growth of the team."

She continued:

"In guiding that part of the company's journey, Jeremy scaled up our ability to execute, set the vision for our product and engineering teams, and was an inspirational leader within the organization. Jeremy joins a prestigious group of Coinbase alumni who are all working to build a more open financial system."

The Stanford grad began his career at Apple in the 1990s. Henrickson spoke at an event at the Palo Alto school as recently as last monthhttps://engineering.stanford.edu/events/jeremy-henrickson-entrepreneurial-thought-leaders-series.

A source characterized Henrickson's exit as one that lets him get some hard-earned rest after scaling the team through a tumultuous period in the wider crypto industry. According to the source, Henrickson culturally represented "the softer side of Coinbase."

Henrickson's exit comes amid a period of growth at the startup, which in recent months has seen it open a new office in New York City as part of a bid to expand its employee base. At the same time, Coinbase has had some higher-level exits, including long-time executive Adam White (who left to join Bakkt) and Hunter Merghart, its now-former head of trading.

Personnel changes aside, Coinbase is pushing ahead with its stated plan to continue listing new cryptocurrencies and digital assets on its exchange. To this end, the startup released a list last week of 30 assets and later four of those tokens were listed on its professional trading platform.

Coinbase image via CoinDesk archives