It was reported on July 30 that Tim Wagner, who is the vice president of engineering at Coinbase, would be leaving his position. An unnammed spokesperson for the company, which is one of North America's leading digital currency exchanges, confirmed that Wagner would be departing the company within the next two weeks.
In August of 2018, Coinbase hired Wagner for his current position. Before joining the cryptocurrency exchange, he had positions at both Microsoft and Amazon Web Services (AWS). During his time at Microsoft, Wagner was the director of development for the company's Visual Studio Ultimate product. At AWS, he held a few positions. This included being general manager for the following products:
AWS Lambda Amazon API Gateway AWS Serverless App Repository
Interestingly, Wagner is the not first executive at Coinbase to announce their resignation this week. On July 29, it was reported that Andrew L. Ridenour, who is the counsel for institutional products at Coinbase, would be leaving his position so that he could return to his previous job at the U.S. Commodity Futures Trading Commission. Ridenour began working at the exchange in February of 2018.
While at Coinbase, Ridenour had a number of important roles. This included creating various legal structures for the company and establishing business plans related to the company's custodial and trading services. As he did before joining Coinbase, Ridenour will provide policy and legal counsel to the chairman of the Commodity Futures Trading Commission on various issues related to derivative and future markets.
In May of this year, both the CTO and COO of Coinbase left the company. It is further being reported that other executives and key employees will soon be leaving Coinbase as well. Though not everyone is worried. Nick Tomaino, who once worked for Coinbase and now runs his own investment company, says that a handful of executive departures really do not mean much. He says that the company is largely dependent on the success of the cryptocurrency industry as a whole.
Coinbase currently has around 700 employees, which are located across a number of offices.