Home Finance Coinbase Seals An Institutional Investment With Their Latest Acquisition From Amazon, Web...

Coinbase Seals An Institutional Investment With Their Latest Acquisition From Amazon, Web Services General Manager, Tim Wagner

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One of the major plans for Coinbase is to go forward to seal the interest of institutional investors.

An institutional investment would be able to pump the value of the markets and more than that it will also encourage massive sums of money to flow through exchanges that could offer investors the best deals.

A part of all this will also come from exchanges that have the ability to offer a higher security protocol and an overall better customer experience.

The team at Coinbase is currently focusing a lot on their efforts to ensure that the platform is suitable for both individual and institutional investors.

Tim Wagner gets on board at Coinbase 

This innovation is detailed in their latest announcement, the appointment of ex Amazon Web Services General Manager, Tim Wagner as the new Vice President of Engineering at Coinbase.

“Tim Wagner is joining Coinbase as Vice President of Engineering. Engineering is central to our mission of creating an open financial system for the world. It is core to our strategy to deliver the most trusted and easiest to use cryptocurrency products and services. We have built an amazing engineering team at a Coinbase, one which Tim will now lead and expand,” the announcement reads.

“Through this period of rapid growth, we are more focused than ever on meeting the increasing needs of individuals, institutions, and businesses while continually advancing the frontiers of cryptocurrency. At the same time, we’re creating the infrastructure that will allow us to add more assets to our platform and accelerate the adoption of crypto around the world,” the post continues.

We also learn that “Tim is passionate about the Coinbase mission, he’s aligned with our values, and he has deep experience with leading great technical organizations. These qualities, along with his engineering expertise, make him the ideal addition to our team,” the announcement concluded.

He will be in charge of making sure that the engineering operations at Coinbase are heading towards an approach that can facilitate larger institutional investors.

The target also includes focusing on building a platform that allows more cryptos to be added to the exchange.

Coinbase wants and supports global adoption, and they want to become the most accessible platform in the world.

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