Charles Schwab Exec Joins Coinbase Board

Chris Dodds, who serves on the board of directors of the Charles Schwab Corporation, has joined cryptocurrency exchange Coinbase's board of directors, according to an announcement published October 2.

The Charles Schwab Corporation is a brokerage, banking and financial advisory services firm based in San Francisco. Per the firm’s annual report, the company had $3.36 trillion in client assets, 10.8 million active brokerage accounts, and 1.2 million banking accounts, as of December 2017.

In addition to the Coinbase board, Dodds will reportedly contribute to the exchange’s expansion in terms of financial services capabilities.

According to the announcement, Dodds has held various leading financial positions in treasury, corporate development, and financial planning and analysis. At Charles Schwab, Dodds has worked as VP of corporate finance and mergers and acquisitions, as well as treasurer.

Dodds’ joining Coinbase is the latest in a series of talent acquisitions by the San Francisco-based crypto exchange and wallet services provider.Last month, Coinbase hired former Fannie Mae General Counsel Brian Brooks as their new Chief Legal Officer, who will be responsible for legal, compliance, and government affairs. Also in September, the exchange welcomed Former LinkedIn executive Michael Li as the VP of data.

In August, former Amazon Web Services (AWS) and Microsoft employee Tim Wagner joined Coinbase as VP of engineering, while in July the exchange announced that ex-Pershing exec Jeff Horowitz will join the company as Chief Compliance Officer.

Recently, Coinbase rolled out a new update called “Coinbase Bundles,” which are designed to simplify cryptocurrency trading. The product represents a basket of five cryptocurrencies supported on Coinbase — Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Ethereum Classic (ETC) — and are purchased in proportion to their market capitalization in U.S. dollars.