According to a recent Bloomberg report on April 10th, Vishal Gupta, the current head of exchange at Coinbase, is reportedly leaving his position after more than two years at the US-based cryptocurrency exchange. Gupta has indicated his intention to remain active in the cryptocurrency space, suggesting that he may be planning to launch a new project centered on digital assets or blockchain technology. Prior to joining Coinbase in September 2020, Gupta served as the head of USD Coin at Circle, a stablecoin issuer, and as a vice president for Goldman Sachs.
Former FTX CEO Sam Bankman-Fried was one of the first people to congratulate Vishal Gupta on his position as Coinbase head of exchange in 2020. Source: Twitter
Gupta’s departure comes amidst regulatory scrutiny and legal issues at Coinbase. The crypto exchange received a Wells notice from the US Securities and Exchange Commission in March, which suggests the possibility of enforcement action. Additionally, Coinbase is supporting plaintiffs in a lawsuit against the US Treasury Department’s Office of Foreign Asset Control regarding its decision to sanction the Tornado Cash mixer.
As of the time of publication, there have been no updates to Gupta’s LinkedIn or Twitter profiles regarding his departure from Coinbase. Cointelegraph reached out to Coinbase for comment on Gupta’s departure but did not receive a response.
