Coinbase is adding two tech industry veterans to its board of directors as the exchange prepares to launch its IPO.
CEO and founder of Coinbase Brian Armstrong says in a press release that Cisco’s former CFO, Kelly Kramer, is joining the exchange’s board of directors. Kramer’s arrival pairs with seasoned venture capitalist Marc Andreesen’s transition from Board Observer to the firm’s Board Director.
The new board members were revealed as Coinbase announced it is filing for an IPO. On Thursday, the firm disclosed that it had filed a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC).
Kramer arrives at Coinbase with nine years of experience at Cisco. Prior to her time there, she worked as CFO of GE Healthcare Systems. Kramer already serves on the board of directors at cloud data company, Snowflake, and biotech company Gilead Sciences.
News of the two board changes arrives on the heels of an August board shift wherein Coinbase initially invited Andreesen to the team along with DoorDash executive Gokul Rajaram.
Coinbase’s IPO filing comes as the crypto market is booming with Bitcoin surpassing and remaining above the $20,000 mark. As of writing, the global crypto market cap is up 4.7% on the whole, with Coinbase Pro reporting $2.87 billion in trading volume, according to CoinMarketCap.
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