Crypto Exchange Coinbase Board Adds Facebook Messenger Headbr>
Cryptocurrency exchange Coinbase has added David Marcus, head of Facebook’s Messenger service, to its board of directors.
Marcus started his career at 23 when he founded his first venture, GTN Telecom, and served as the chairman and CEO until GTN was acquired by World Access in 2000. Soon after, he founded Echovox, a mobile media monetization company, which paved the way for Zong mobile payments company in 2008. In 2011, Zong was acquired by eBay’s PayPal for $240 million, and he joined PayPal as vice president and general manager of PayPal’s mobile division. In 2014, Marcus left PayPal to lead Facebook’s mobile messaging initiatives.
Coinbase CEO Brian Armstrong said Marcus’ experience will add breadth and depth to the Coinbase board and will help the leadership team as the company focuses on becoming the most popular and safest place to buy and sell digital currencies.
“David’s perspective and experience in bringing innovative and impactful products to market will be invaluable to Coinbase as we grow,” said Armstrong. “David’s knowledge of both the payments and mobile space will help guide us in achieving our mission of creating a truly open financial system that will bring opportunity to people all across the globe.”
Headquartered in San Francisco, Coinbase is one of the largest cryptocurrency exchanges in the world. The company is currently the most popular app on Apple’s App Store, according to data by market insights firm App Annie.
“I’ve been involved with, and fascinated by cryptocurrencies since 2012, and I’ve witnessed how Coinbase has started democratizing access to this new asset class,” said Marcus. “I’m convinced that what the company is working on has the potential to materially change the lives of people around the world, and I’m looking forward to working with Coinbase and its leadership team to help make this vision a reality.”