Kelly Kramer joins an impressive board of directors comprised of executives from various industries.
The digital currency exchange, Coinbase, welcomed a new member to its board of directors on Wednesday, as it continues to draw on expertise outside the crypto-currency industry.
Kelly Kramer, former Cisco CFO, will serve as Chairman of Coinbase’s Audit and Compliance Committee, CEO Brian Armstrong said Wednesday. She replaces former Charles Schwab board member Chris Dodds, who worked for Coinbase for more than two years.
Kramer joins Coinbase after a nine-year stint at Cisco, one of the world’s largest IT conglomerates, where he held several important positions, including executive vice president and chief financial officer.
Kramer was „responsible for managing the company’s financial strategy and overseeing all financial functions, corporate development, the acquisition program, integrations and investor relations,“ said Armstrong.
Armstrong also announced that Marc Andreessen, co-founder and general partner of Andreessen Horowitz, is transitioning to a full-time role on the board of directors.
Coinbase’s board of directors is comprised of individuals from various industries, including finance, technology and venture capital. The members appear to have been purposely recruited from outside the crypto-currency and business block chain domains, possibly as a way to bring new knowledge and contributions to the emerging crypto-currency exchange.
Kramer’s addition, like all previous ones, reflects the growing recognition by the conventional public that digital assets are here to stay.
Founded in 2012, Coinbase is one of the largest and most established digital currency exchanges in the market. It is a popular choice for newcomers because it allows them to buy digital assets such as Bitcoin (BTC) and Ethereum Code (ETH) directly with trust money.
At the same time, the exchange has been criticized for being unreliable during periods of volatility. The exchange apparently ran into technical difficulties again on Wednesday, just as Bitcoin reached USD 20,000 for the first time in history.