Coinbase, leading cryptocurrency exchange firm recently announced the reports on October 4 confirming the head of the institutional platform group, Adam White, is leaving the firm.

Adam White, the veteran employee, was known for becoming the fifth-ever employee hired by Coinbase, at the time when the founders of the firm were still looking for ways to solidify their existence back in 2013. It was the early time for the company when they were still working out of an apartment, and the price of bitcoin was almost $300 at the time.

White’s previous works before joining the company were services offered for U.S. Air Force. He graduated with Master’s in Business Administration from Harvard Business School. However, his services for the cryptocurrency exchange firm were unmatched and made him a well-known face on a global platform, known for his contributing work at the firm.

He served the company for five years before the news of his parting made the headlines yesterday. At the time of resigning, he worked as Coinbase’s vice president and general manager for the major crypto firm and worked with the institutional business management group.

The last headlines that the company made earlier this year when they discussed the planning of custodian services for institutional clients, where they would unlock $10 billion worth of investor money currently on the sideline.

Coinbase’s CEO comments on White’s departure by saying, “Over the past five years, Adam helped us build our exchange business into the largest U.S.-based crypto-trading venue, and was integral to growing Coinbase’s global presence and scaling our culture to multiple offices.”

A company spokesperson remarked to Bloomberg about this and expressed their gratitude to all the services provided in the past. Moreover, he confirms that the firm will continue to achieve the execution visions designed by White which was to make the firm among the most trusted institutional firm for investors to trade crypto.

The hiring and resigning news are making quite a round for the exchange firm as earlier this week, CryptoNewsZ reported that board member of Charles Schwab, Chris Dodds, is also planning on joining Coinbase. In early October, the reports suggested Instinet’s chief executive officer, Jonathan Keller, will be the managing director of Coinbase’s institutional platform.