Brian Armstrong, CEO of Coinbase. Photo: Coinbase.
Coinbase, the largest cryptocurrency exchange in the United States (USA), is setting in motion a plan to significantly expand its operations in Brazil and the rest of Latin America. Therefore, there are two vacancies open, one of which is for regional director. This professional must have experience founding or being CEO of a technology company, fintech or other business in the region. In addition, it must have taken this business to at least US$ 100 million (about R$ 500 million) in revenue or 10 million monthly transactions / 100 million monthly active users.
All this because the new director should “lead to the growth of Coinbase in Latin America”. This should include accelerating strategic partnerships in Latin America, including mergers and acquisitions and investments in startups. “The emphasis is on identifying and executing opportunities to grow users and revenue,” reads the job description.
When preparing its operation in Brazil, Coinbase comes to a market increasingly populated by cryptocurrency exchanges. But that also prepares a regulation, which will give greater security to investors and companies. Bitcoin Market, the largest site, claims to have over 3 million users trading on the platform. Bitso, which like MB is a unicorn but comes from Mexico, says it has more than 4 million users.
Brazilian users today have limitations on using the Coinbase platform. “Coming to Brazil is very interesting because the company has a strong educational and regulatory interaction strategy. The job description shows that these are aspects highlighted in the duties of the future executive”, says Gabriel Laender, from FCM Law.
In addition, he says, Coinbase comes with a movement bias related to regulation. And it can come more quickly to participate in the discussions and try to insert its points in the bills in the Senate and in the House, completed Laender.
Your mission will also be to assemble the local team. Working with regulatory issues is another of the duties of whoever takes on the vacancy. At different points in the job description, Coinbase shows concern that the professional should understand this subject.
It is meant to be “the face of Coinbase in the region, with local technology leadership)”, further states Coinbase. The vacancy is remote. The description also shows that the exchange is willing to create products specific to the region. So much so that the other vacancy is for a senior user researcher.