Shopify CEO Tobi Lütke to join board at cryptocurrency exchange Coinbase

Cryptocurrency exchange Coinbase World Inc. says Shopify CEO Tobi Lütke will join its board of administrators.

Coinbase founder Brian Armstrong said in a release that Lütke brings revel in as an entrepreneur, and as an early adopter of crypto, including via Shopify’s integration with Coinbase’s crypto payment platform.

He says Lütke can help as Coinbase looks to extend crypto to more folks and businesses globally.

Lütke said in a press release that Coinbase and Shopify proportion the like-minded vision of decentralized finance and entrepreneurship.

Excited to paintings with @brian_armstrong and group. Large recognize for what they build. LFG https://t.co/DAfong1UI1

—@tobi

In 2020, Shopify also joined the Fb-sponsored Diem (then referred to as Libra) Affiliation that used to be working on an international digital forex, although media reviews ultimate week mentioned that the affiliation used to be selling its belongings.

Coinbase says the appointment continues to be subject to formal board approval.

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