Coinbase Global Inc. (NASDAQ: COIN) is shaking up its custody division.
Aaron Schnarch, who served as the CEO of Coinbase Custody, has left the company, Bloomberg reported.
Rick Schonberg has taken over the role, bringing experience from his previous positions at Goldman Sachs (NYSE: GS), State Street, and Tagomi, according to his LinkedIn profile.
Coinbase has emerged as a preferred custodian for Bitcoin ETF applicants, including notable names like BlackRock Inc. (NYSE: BLK), Franklin Templeton, and Grayscale Investments.
The provision of custody services ...