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)
The shifting debate on climate change
When Sandra Odendahl started her career in finance, she had a passion for supporting businesses while also doing something positive for the world. There was just one problem — in
Progress can create unlikely allies
There was a time when mining exploration and the environment were like oil and water. Several years ago, I attended social impact investing conferences in America and the U.K. with
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.
