I’m pleased to announce that David Marcus, Vice President of Messaging Products at Facebook, will be joining Coinbase’s Board of Directors.

David brings first hand knowledge of building impactful, trusted mobile-first products at scale. His experience will add breadth and depth to the Coinbase board and will help the leadership team as the company focuses on becoming the most popular, and safest place to buy and sell digital currencies.

Prior to Messenger, David was President of PayPal, where he led the payments company’s global expansion and product strategy. Under his leadership, PayPal brought back its technology and product centric DNA, won back developers and small businesses, and acquired Braintree (parent company of the popular P2P payment app, Venmo) that further accelerated the overall growth of the company. David joined PayPal after the acquisition of his last startup, mobile payments company, Zong, and led Mobile products before ultimately taking the leadership role at the company.

David’s perspective and experience in bringing innovative and impactful products to market will be invaluable to Coinbase as we grow. David’s knowledge of both the payments and mobile space will help guide us in achieving our mission of creating a truly open financial system that will bring opportunity to people all across the globe.

- Brian Armstrong, CEO and Co-founder of Coinbase

I’ve been involved with, and fascinated by cryptocurrencies since 2012, and I’ve witnessed how Coinbase has started democratizing access to this new asset class. I’m convinced that what the company is working on has the potential to materially change the lives of people around the world, and I’m looking forward to working with Coinbase and its leadership team to help make this vision a reality.

- David Marcus, Vice President of Messaging Products at Facebook