The Chief technology officer of Coinbase Balaji Srinivasan has announced his resignation from the firm. the announcement was made May 3, 2019 on his Twitter.
In his tweet, Balaji said that he enjoyed his time with the exchange and he will now take time off “to get back in shape — and up to speed on everything happening” when he was busy working at Coinbase.
Also, Balaji co-founded a non-profit crypto research and advocacy firm Coin Center, bitcoin (BTC) earning platform Earn. He was CEO of Earn as at when it was acquired by Coinbase in April 2018.
According to a report by Cointelegraph at the time, Coinbase has already lost three senior executives in six months as of last month.
Recall in April, Coinbase shut down its Chicago office and scaled down the development of its matching engine, reportedly laying off about 30 employees.
This week, the director of research at Coin Center, Peter Van Valkenburgh, participated in a heated debate on state versus federal regulation of crypto at MIT Technology Review's Business of Blockchain event on May 2 2019.