Vishal Gupta, Coinbase ‘s exchange director announces his departure

After 2 and a half years as head of Coinbase ‘s exchange and markets, Vishal Gupta is leaving the crypto exchange for a new project, still in Web3.

The executive detailed some of Coinbase’s accomplishments during his time there, including expanding assets from 236 to 27 and acquiring derivatives platform FairX, which was later renamed Coinbase Derivatives Exchange.

Indeed, prior to joining Coinbase, Gupta was vice president and head of U.S.-listed options at major investment bank Goldman Sachs for eight years, as noted on his LinkedIn profile. The former Coinbase executive also led the launch and growth of Circle’s USDC.

On Monday on Linkedin, Vishal Gupta said he was leaving his position as director of “exchange and markets” at Coinbase to focus on something else.

“We’ve made the platform a stable part of the crypto ecosystem, expanded our assets from 27 to 236 and our backlog from 73 to 534. We have increased Coinbase’s market share (US markets) from a low of ~35% in 2020 to a more recent high of ~65%,” the executive boasted in his message.

What’s the next step? I still think there’s a lot to build out there, and that’s exactly what I’m going to do – Build! Stay tuned for my next act,” he concluded, hinting that he would launch or join a new crypto project soon.

Earlier this year, Coinbase cut its workforce again and parted ways with about 950 employees.