Shopify CEO Tobi Ltke to join board of Coinbase cryptocurrency exchange – Coast Reporter

Cryptocurrency exchange Coinbase Global Inc. says Shopify CEO Tobi Ltke will join its board of directors.

Cryptocurrency exchange Coinbase Global Inc. says Shopify CEO Tobi Ltke will join its board of directors.

Coinbase founder Brian Armstrong said in a release that Ltke brings experience as an entrepreneur, and as an early adopter of crypto including through Shopify's integration with Coinbase's crypto payment platform.

He says Ltke will help as Coinbase looks to expand crypto to more people and businesses globally.

Ltke said in a statement that Coinbase and Shopify share the like-minded vision of decentralized finance and entrepreneurship.

In 2020, Shopify also joined the Facebook-backed Diem (then called Libra) Association that was working on a global digital currency, though media reports last week said that the association was selling its assets.

Coinbase says the appointment is still subject to formal board approval.

This report by The Canadian Press was first published Jan. 31, 2022.

Companies in this story: (TSX:SHOP)

The Canadian Press

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Shopify CEO Tobi Ltke to join board of Coinbase cryptocurrency exchange - Coast Reporter