Coinbase Appoints Anthony Armstrong, Former X Corp. CFO and Elon Musk Adviser, to Its Board
Cryptocurrency platform Coinbase Global has appointed Anthony Armstrong as a new board member, expanding its board from nine to ten directors. Armstrong is a former Chief Financial Officer of xAI and X Corp., and a long-time adviser to Elon Musk. His appointment brings experience in traditional finance, frontier technology companies, and government operations—areas deemed critical for Coinbase's current strategic direction. Armstrong has previously held roles at Morgan Stanley, where he advised on Musk’s acquisition of Twitter (now X), and served as an advisor during Musk’s leadership at the Department of Government Efficiency. His compensation will include restricted stock units under Coinbase’s non-employee director program, with initial grants valued at $550,000. Coinbase also announced it has launched crypto derivatives trading in Canada, offering futures contracts for major cryptocurrencies like Bitcoin and Ethereum through its regulated subsidiary. This move aims to meet growing global demand for derivative products while expanding Coinbase’s market presence.
Topics: Cryptocurrency Executive Appointments Mergers & Acquisitions