Nana Murugesan Leaves Coinbase Amid Global Expansion Drive

Key Points:

• The Vice President of International and Business Development, Nana Murugesan leaves Coinbase amid a global expansion drive by the U.S. exchange.
• Murugesan’s departure comes at a time when Coinbase faces regulatory challenges in the U.S.

The Vice president of international and business development, Nana Murugesan leaves Coinbase in the first quarter of next year.

Nana Murugesan leaves Coinbase amid a global expansion drive by the U.S. exchange

Nana Murugesan leaves Coinbase in the first quarter of next year but will stay on as an advisor until July. During his tenure, Murugesan worked with Brian, Emilie, and the team to establish international growth. Now, he is embarking on his next adventure while facilitating the transition at Coinbase.

The company has capable regional managing directors and country directors in place. Coinbase’s global expansion efforts come at a time when it faces regulatory challenges in the U.S. In June, the U.S. Securities and Exchange Commission filed a lawsuit against Coinbase for securities law violations.

Coinbase Goes Broad and Deep with Global Expansion, Murugesan Collaborates with Regulators

As part of its international expansion, Coinbase, co-authored by Murugesan, unveiled the second phase of its “Go Broad, Go Deep” strategy. This blueprint outlines the company’s plans and recently led to the acquisition of a comprehensive license in Singapore. In an interview, Murugesan revealed Coinbase’s collaboration with finance ministries, central banks, and regulators in 24 countries, including G20 members and regions like Hong Kong, Switzerland, the United Arab Emirates, and Singapore.

Their goal is to establish clarity and guiding principles for cryptocurrency and web3 regulation. Coinbase confirmed Murugesan’s departure and reaffirmed its commitment to the Go Broad, Go Deep strategy. The company aims to accelerate the development of local products tailored to regional markets by decentralizing its international operations.

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