David Marcus, Head of Messenger at Facebook, Joins Coinbase Board

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by Svetlana Rud · 3 min read
David Marcus, Head of Messenger at Facebook, Joins Coinbase Board
Photo: Adam Tinworth / Flickr

David Marcus, Vice President of Messaging Products at Facebook, joined the board of directors of Coinbase, the world’s largest cryptocurrency exchange.

Coinbase just added Facebook Vice President of Messaging Products David Marcus to its board of directors. Coinbase announced this news in the post on Medium.

“David brings first hand knowledge of building impactful, trusted mobile-first products at scale,” Coinbase CEO Brian Armstrong said in the announcement. “His experience will add breadth and depth to the Coinbase board and will help the leadership team as the company focuses on becoming the most popular and safest place to buy and sell digital currencies.”

It should be added, that David Marcus has experience in the sphere of messaging service and software application as well as in the payment sphere.

Beyond his experience at Facebook, Marcus worked for two years as a president of online payments system PayPal. He joined PayPal after acquisition of his own startup in the sphere of mobile payments Zong in 2011.

“David’s perspective and experience in bringing innovative and impactful products to market will be invaluable to Coinbase as we grow. David’s knowledge of both the payments and mobile space will help guide us in achieving our mission of creating a truly open financial system that will bring opportunity to people all across the globe,” Brian Armstrong said.

David Marcus admitted in the Medium post that he had been interested in cryptocurrency since 2012 and monitored first steps of Coinbase development. Moreover, he expressed his readiness to work with Coinbase leadership team.

“I’ve been involved with, and fascinated by cryptocurrencies since 2012, and I’ve witnessed how Coinbase has started democratizing access to this new asset class,” Marcus said in the Medium post. “I’m convinced that what the company is working on has the potential to materially change the lives of people around the world, and I’m looking forward to working with Coinbase and its leadership team to help make this vision a reality.”

Currently Coinbase takes the first place among bitcoin wallet app used for digital currency buying, selling and storage.

Bitcoin wallet apps were installed 25 million times. This fact showes that coinbase app overtakes in the App stores such popular app as Instagram, Snapchat and YouTube.

Moreover, the world’s largest cryptocurrency exchange continues to provide new services to its customers. In November 2017, Coinbase launched new custodian service primary aimed to large institutional investors, with at least $10 million in deposits.

However, Coinbase isn’t perfect app and failures in its operation sometimes take place.

According to TechCrunch, the platform was inaccessible on December 7, 2017. It happened because of the huge spike of app download. Almost the whole day the site was “down for maintenance”.

Yesterday Coinbase stopped trading litecoin and ether, while these cryptocurrencies hit all-time highs Tuesday morning. The platform showed “temporarily disabled” trades of these two digital coins.

Bitcoin News, Cryptocurrency News, News
Svetlana Rud
Author Svetlana Rud

Svetlana Rud has been working as a freelance writer , with experience gained at several media outlets around the world.

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