Coinbase is Pivoting Away From Wall Street Crypto Push

Institutional this, institutional that — the narrative that Wall Streeters are going to pick Bitcoin off its feet has become a rallying cry for many of crypto’s most fervent optimists. However, a damning report claims that the unrelenting push for institutional participation from Coinbase has begun to relent, albeit only slightly.Related Reading: Wall Street Still Throwing Billions At Bitcoin, But There’s Still A Ways To GoCoinbase Drops Talent Amid Seeming Strategy ShiftIn October of 2018, NewsBTC reported that Coinbase, the San Francisco-headquartered crypto innovator, saw its fifth hired employee, Adam White, leave for ICE-backed Bakkt. Although this news was initially seen as a hit to the upstart’s institutional arm, as White was primarily behind Coinbase’s Wall Street push, a talented individual was slated to fill the gap. It was claimed that Jonathan Kellner, the former chief executive at brokerage giant Instinet, was ready to pilot Coinbase Institutional’s proverbial ship.But, a…

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