In the midst of Coinbase’s vigorous global expansion strategy, Nana Murugesan, the Vice President of International and Business Development, is set to depart the company in the first quarter of the upcoming year. Murugesan revealed this decision in a statement made on X today, expressing his intent to continue serving as an advisor until July.
Having dedicated two years to collaborating with Brian, Emilie, and the team in establishing the groundwork for international growth, Murugesan commented, “After an incredible two years working with Brian, Emilie and the team building the foundation for international growth, I’m moving on to my next adventure after staying on at Coinbase for some time to help with the transition. The team is now in good hands with regional managing directors and country directors now in place around the world,” as he conveyed to The Block.
Coinbase, in a post co-authored by Murugesan in September, unveiled the initiation of the second phase of its “Go Broad, Go Deep” strategy, an outlined plan for its international expansion. Recent achievements include obtaining a comprehensive license in Singapore, facilitating an expanded range of Digital Payment Token services in the region.
In a September interview with The Block, Murugesan outlined Coinbase’s aspirations to collaborate with finance ministries, central banks, and regulators to advocate for shared principles across nations. “You’ll see Coinbase pretty active in these 24 countries,” Murugesan stated, referencing G20 members, Hong Kong, Switzerland, the United Arab Emirates, and Singapore. The objective is to establish clarity, consensus, and guiding principles for the regulation of crypto and web3.
A Coinbase spokesperson, confirming Murugesan’s departure, emphasized the company’s commitment to intensifying the Go Broad, Go Deep plan after a year marked by “significant momentum.” They stated, “Decentralizing our international operations helps us move faster and build local products for local markets to achieve our ambitious international goals.”
