Today, we’re sharing the following part of our European journey by saying new management for our European operations. Marcus Hughes, who presently serves as General Counsel for our worldwide operations, has stepped into the position of General Manager for Europe. In this position, he will likely be accountable for persevering with to scale our operations throughout Europe, together with bringing to market the merchandise and options that our clients need.
It has been a busy few years for Coinbase in Europe. Last yr, we rolled out Coinbase Card, a Visa debit card that lets clients within the UK and 26 European nations spend crypto as effortlessly as the cash of their conventional financial institution accounts. We had been additionally accredited as a Visa principal member, a primary for a crypto firm.
On the regulatory entrance, in 2018 Coinbase grew to become the primary crypto firm to satisfy the exacting requirements of the UK Financial Conduct Authority (FCA) and obtain an E-Money license, and to be given entry to the Faster Payments Scheme (which allowed our clients to profit from seamless, instantaneous deposits and withdrawals). Slightly over a yr later, we once more blazed a path for the crypto area by being one of many first monetary companies corporations to be given an E-Money license in Ireland.
For the previous two years, Marcus has led quite a few complicated tasks for Coinbase world wide as we’ve grown internationally. He has additionally been accountable for establishing and sustaining our regulatory relationships throughout a number of areas, working carefully with regulators to coach them on crypto and advocating for applicable regulation. Prior to becoming a member of Coinbase, Marcus spent virtually a decade at Morgan Stanley, the place he was an Executive Director in its authorized and compliance division and specialised in digital buying and selling throughout equities and stuck revenue.
Marcus strikes into his new position as our present European lead, Zeeshan Feroz, transitions right into a new part of his journey with Coinbase. After main within the area for greater than three years and driving lots of the initiatives talked about above, Zee is shifting into a job as a strategic advisor for the corporate. In this new place, he’ll draw from his years of expertise with Coinbase and different roles to assist the corporate on a spread of tasks.
Please be a part of us in congratulating Marcus on his new position, and recognizing Zee for his tireless efforts to deliver entry to the cryptoeconomy to our clients all through Europe.