Elon Musk · Coinbase · The Block
Anthony Armstrong, former CFO at Elon Musk’s xAI and X, joins Coinbase board
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Coinbase has appointed Anthony Armstrong to its board of directors, where he will also serve on the Audit and Compliance Committee.
Key facts
- Last month, the firm rolled out access to nearly 4,000 U.S. stocks for eligible UK users with 24/5 trading
- Coinbase stock is down more than 40% over the past year, closing Wednesday's session at $174.96
- Coinbase has appointed Anthony Armstrong to its board of directors, where he will also serve on the Audit and Compliance Committee
- With the nomination, the U.S. crypto exchange increased the size of its board from nine to 10 members, according to a filing with the U.S. Securities and Exchange Commission
Summary
With the nomination, the U.S. crypto exchange increased the size of its board from nine to 10 members, according to a filing with the U.S. Securities and Exchange Commission. Armstrong spent nearly a decade at Morgan Stanley and ultimately served as vice chairman of investment banking, Coinbase said in a blog post. "Anthony has had a consistent focus on building things that work at scale, without waste," the firm said. Of note, the filing said there are also no family relationships between Armstrong and any director or executive officer of Coinbase (COIN), such as CEO Brian Armstrong.