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An executive from Goldman Sachs says: “It’s time to join the cryptoeconomy.”

Roger Bartlett is the latest Wall Street CEO to enter the blockchain and cryptocurrency world.

Roger Bartlett, a Goldman Sachs veteran who has worked in a variety of capacities at the firm since 2005, announced his departure from the firm.

In a Friday LinkedIn posting, Bartlett stated that he would be leading Coinbase’s worldwide financial operations after 16 years at the investment banking behemoth. The former Goldman Sachs global co-head of operations for global markets stated that he would collaborate with Coinbase Chief Financial Officer Alesia Haas, President and Chief Operating Officer Emilie Choi, Vice President of Institutional Products Greg Tusar, and Head of Institutional Sales Brett Tejpaul to help users “embrace opportunities offered by digital assets and its ecosystem.”

“The moment has come to embrace the crypto economy,” Bartlett stated. “The moment has come for me to […] pursue my passion for enabling the next generation crypto economy. The exciting purpose-driven ambition to achieve global economic freedom through a customer-first, automation-first approach represents a once-in-a-lifetime opportunity to contribute to the next stage of digital evolution.”

Bartlett is the latest in a long line of Wall Street executives to enter the cryptocurrency market. Gaurav Budhrani, a ten-year Goldman Sachs veteran, joined cryptocurrency mining business PrimeBlock as CEO in November 2021, alongside former managing director Alan Konevsky as chief legal officer. Later same month, Matt Zhang, a former Citi executive, created Hivemind, a venture fund focused on cryptocurrency and blockchain firms.

Coinbase made the news shortly after it released its fourth-quarter financial report for 2021, in which the business stated its intention to add 6,000 people in 2022, with an emphasis on customer support and reliability. According to a letter sent to shareholders on Thursday, the cryptocurrency exchange has 3,730 full-time staff as of December 31, approximately three times the number in 2020.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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