Nana Murugesan, Vice President of International and Business Development at Coinbase, is set to leave the company during the first quarter of the upcoming year. In a post on X today, Murugesan revealed his departure plans, stating that he would continue as an advisor until July. After contributing two years to building the foundation for international growth at Coinbase, he expressed confidence in the team’s current structure with regional managing directors and country directors in place globally.
The news coincides with Coinbase’s intensified focus on global expansion while navigating regulatory challenges in the United States. In June, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase, alleging violations of securities laws.
Murugesan played a key role in Coinbase’s international endeavors, co-authoring a post in September that outlined the second phase of the company’s “Go Broad, Go Deep” strategy for overseas expansion. Coinbase recently secured a full license in Singapore, expanding its ability to offer a broader range of Digital Payment Token services in the region.
In a September interview, Murugesan highlighted Coinbase’s commitment to collaborating with finance ministries, central banks, and regulators to establish shared principles for cryptocurrency regulation. The company aims to engage with 24 countries, including G20 members, Hong Kong, Switzerland, the United Arab Emirates, and Singapore, to foster regulatory clarity and consensus.
A Coinbase spokesperson confirmed Murugesan’s departure, emphasizing the company’s dedication to the “Go Broad, Go Deep” plan. They mentioned Coinbase’s focus on decentralizing international operations to accelerate growth and develop localized products tailored to specific markets, aligning with the company’s ambitious international goals.
