Coinbase Appoints Anthony Armstrong to Board of Directors
Coinbase Global has appointed Anthony Armstrong, former CFO at Elon Musk’s xAI and X Corp., as a new board member. The appointment took effect on September 1, increasing the board size from nine to ten members. Coinbase emphasized Armstrong's experience in finance, government, and technology for his focus on operational efficiency. Armstrong is not related to Coinbase co-founder Brian Armstrong. He previously worked at Morgan Stanley and advised Musk during the acquisition of Twitter (now X). His role will include serving on Coinbase’s Audit and Compliance Committee until 2027 or earlier if needed. The move aligns with Coinbase's broader strategy as it expands into equities, derivatives, stablecoins, and prediction markets. Coinbase reported $1.2 billion in net revenue for Q2, showing a shift away from bitcoin spot trading to other products like subscriptions and services.
Topics: Company Expansion Cryptocurrency Executive Appointments