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Home Technology Crytpocurrency

Shopify CEO Joining Board Of Coinbase, The Largest U.S. Crypto Exchange – Global News

shopify-ceo-joining-board-of-coinbase,-the-largest-us.-crypto-exchange-–-global-news
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By Staff The Canadian Press

Posted January 31, 2022 3:40 pm

Updated January 31, 2022 3:41 pm

Click to play video: 'Global News Morning Market and Business Report –  Jan. 24, 2022' 2:55Global News Morning Market and Business Report – Jan. 24, 2022

Canaccord Genuity Wealth Management’s Rob Tétrault talks about a rough go for tech stocks, and explains why he’s watching Peloton and Shopify. – Jan 24, 2022

Cryptocurrency exchange Coinbase Global Inc. says Shopify CEO Tobi Lutke will join its board of directors.

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Coinbase founder Brian Armstrong said in a release that Lutke brings experience as an entrepreneur, and as an early adopter of crypto including through Shopify’s integration with Coinbase’s crypto payment platform.

He says Lutke will help as Coinbase looks to expand crypto to more people and businesses globally.

Lutke said in a statement that Coinbase and Shopify share the like-minded vision of decentralized finance and entrepreneurship.

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In 2020, Shopify also joined the Facebook-backed Diem (then called Libra) Association that was working on a global digital currency, though media reports last week said that the association was selling its assets.

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Coinbase says the appointment is still subject to formal board approval.

© 2022 The Canadian Press

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