Cryptocurrency exchange Coinbase Global Inc. says Shopify CEO Tobi Lütke will join its board of directors.
Coinbase founder Brian Armstrong said in a release that Lütke 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 Lütke will help as Coinbase looks to expand crypto to more people and businesses globally.
OBJ360 (Sponsored)
Celebrating 10 years of the Ottawa REDBLACKS
Ottawa’s CFL team is celebrating its 10 year anniversary in 2024. Roger Greenberg tells us what it took to make the CFL’s capital city team a success.
If you build it, they will stay: Ending Ottawa’s biotech brain drain
The University of Ottawa’s Advanced Medical Research Centre will help stop the brain drain of talent.
Lütke said in a statement that Coinbase and Shopify share the like-minded vision of decentralized finance and entrepreneurship.
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.
Coinbase says the appointment is still subject to formal board approval.