Coinbase Global Inc (NASDAQ: COIN) is changing its leadership as it prepares to provide custody services for potential spot Bitcoin (CRYPTO: BTC-USD) exchange-traded fund (ETF) applicants.
Aaron Schnarch, the previous CEO of Coinbase Custody, has recently departed the company. Rick Schonberg, who joined Coinbase in 2021 and has prior experience with Goldman Sachs, State Street, and Tagomi, replaced Schnarch in August.
Coinbase Custody is popular among Bitcoin ETF applicants, including notable firms like BlackRock, Franklin Templeton, and Grayscale Investments, Bloomberg reports.
These custody services are crucial for managing spot-bitcoin ...