Coinbase is going through one of its biggest executive reshuffles in recent years, according to a July 24 report cited by BlockBeats and sourced to The Information. Chief People Officer Lawrence Brock has stepped down and moved into an advisory role, while Greg Tusar, co-head of the company’s institutional unit, has shifted into a policy position. The changes follow earlier moves involving other senior figures: Chief Legal Officer Paul Grewal is planning to leave, and Jesse Pollak has stepped down as head of the Base app. The personnel changes come as Coinbase speeds up a broader strategic shift after cutting 14% of its workforce in May. The company is said to be moving toward what was described as an “all-category trading platform,” with plans that include stocks and prediction markets. The report links the leadership changes to that strategic pivot, which marks a wider expansion beyond Coinbase’s traditional crypto-focused business lines.
Coinbase is undergoing one of its largest executive shakeups in recent years, according to a July 24 report cited by BlockBeats and attributed to The Information.
Chief People Officer Lawrence Brock has stepped down and will serve as an adviser. Greg Tusar, co-head of Coinbase’s institutional business, has moved into a policy role. Earlier, Chief Legal Officer Paul Grewal was reported to be planning to leave, and Jesse Pollak also stepped down as head of the Base app.
Shift toward a broader trading platform
According to The Information, Coinbase has been accelerating its move toward what it calls an “all-category trading platform” after laying off 14% of its staff in May. That push is said to include stocks and prediction markets.
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