The major U.S. cryptocurrency exchange Coinbase is bracing for another wave of criticism in the wake of CEO Brian Armstrong’s controversial stand against corporate support of political issues like the Black Lives Matter movement. In a Nov. 25 blog post, Coinbase warned employees that an article that will be published on Sunday by the New York Times alleging racial discrimination inside the firm.
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Coinbase launches U.S. crypto debit card
United States-based Coinbase users will be able to spend crypto anywhere while earning crypto cashback of up to 4%
On Oct 28, Coinbase announced the debut of its Visa debit card, allowing the firm’s customers to spend cryptocurrencies in online and physical stores, as well as for ATM withdrawals.
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CEO of ‘apolitical’ Coinbase shares blog post about voting for Kanye West
Brian Armstrong is being accused of hypocrisy for his now-deleted tweet after announcing an apolitical policy that caused dozens of staffers to resign; Ethereum creator Vitalik Buterin came to his defense
In a move that will likely infuriate staffers further, Coinbase’s CEO Brian Armstrong has already violated the no politics policy that he was insistent on enforcing.
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Coinbase’s chief compliance officer leaving, as dozens of staffers take exit package
Jeff Horowitz’s departure is said to be unrelated to Coinbase’s controversial decision to adopt an ‘apolitical’ stance on societal issues
Horowitz joined Coinbase in the middle of 2018 after spending 12 years at Pershing LLC, a BNY Mellon company. In an announcement at the time, the exchange described his appointment as an important step in its quest to become “the world’s most trusted and easiest to use cryptocurrency service.”
