Shopify CEO joins board of Coinbase, largest US crypto exchange

Cryptocurrency exchange Coinbase Global Inc. said Shopify CEO Tobi Lutke will join its board.

Coinbase founder Brian Armstrong said in a release that Lutke offers the experience as an entrepreneur and early adopter of crypto, including the integration of Shopify with the crypto payments platform. by Coinbase.

He said that Lutke will help as Coinbase looks to expand the cryptocurrency to more people and businesses globally.

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

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In 2020, Shopify also joined the Facebook-backed Diem Association (then known as Libra) that was working on a global digital currency, despite last week’s media reports stating that the association is selling its property.

Coinbase said the appointment still had to be formally approved by the board.