U.S.-based cryptocurrency trade Coinbase is reportedly shedding one other senior government.

In keeping with a Bloomberg report Wednesday, its chief coverage officer, Mike Lempres, is leaving the agency to tackle a brand new position at enterprise capital agency Andreessen Horowitz.

“As chief authorized and danger officer throughout a time of super progress for Coinbase, Mike was instrumental in constructing the corporate’s authorized and compliance features and driving our imaginative and prescient of belief by way of compliance. We want him the perfect in his new place with Andreessen Horowitz,” Coinbase was quoted as saying.

Coinbase has seen a few notable departures in current weeks. In late October, former head of buying and selling Hunter Merghart left simply after six months on the job.

Adam White, one of the senior executives and fifth-ever worker at Coinbase additionally left the identical month. He had been vice chairman and common supervisor of Coinbase Institutional.

There have been hirings too. Again in September, Coinbase took on former Fannie Mae government Brian Brooks as its new chief authorized officer.

To recruit and retain numerous expertise, the trade has this yr taken the weird and costly step of offering  cowl of as much as $5,000 a yr for perks like egg-freezing, over and above its current medical health insurance choices.

Coinbase picture by way of CoinDesk archive 





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