Coinbase Names George Osborne As Advisory Council Chair Nearly Two Years After He Joined

• Coinbase reportedly promoted former UK finance minister George Osborne to chair of its Global Advisory Council.
• Institutional interest in Coinbase continues to rise with Cathie Wood’s ARK Invest picking up more shares of the company on Wednesday.
• The exchange is expanding beyond crypto with plans to integrate stock trading directly into Coinbase accounts.

Coinbase (COIN) on Thursday has reportedly appointed former UK Chancellor of the Exchequer George Osborne to chair its internal Global Advisory Council on Thursday.

Osborne, who originally joined Coinbase as an advisor in January 2024, will now lead the company's global strategy and influence international policymakers, according to Reuters

Coinbase's Global Advisory Council also includes former U.S. Secretary of Defense Mark Esper and former Senator Pat Toomey. Osborne’s duties will include promoting discussions on blockchain and stablecoins, establishing regulatory clarity on crypto taxation, and promoting the use of tokenized assets in capital markets.

At the time of writing, Coinbase was trading at $244.19, up 1.49% on Thursday in after-hours trading. On Stocktwits, retail sentiment around COIN remained in ‘bearish’ territory over the past day. However, chatter around it rose from ‘normal’ to ‘high’ levels. 

Coinbase Expands Beyond Crypto With Stock Trading

Coinbase announced on Wednesday that the company will be getting into stock trading on the Coinbase Platform as part of their ‘System Update’ event, marking a major step for Coinbase as a company expanding beyond cryptocurrencies. Equities trading will be incorporated directly into the existing Coinbase accounts, meaning that users will have access to manage stocks, cryptocurrencies, and cash in the same space.

Institutional interest in Coinbase's stock has not slowed at all. Recently, Cathie Wood’s Ark Invest added to its Coinbase (COIN) position, giving further credence to investor focus on Coinbase's efforts to build a revenue stream beyond crypto trading.

Osborne’s Parallel Push Into AI

Osborne’s appointment at Coinbase comes alongside his expanding role in global technology policy. The former UK Chancellor now oversees ‘OpenAI for Countries’, an initiative by OpenAI which is designed to assist Governments around the world in creating the infrastructure and improving literacy for artificial intelligence, as well as assisting with the deployment of AI by the public sector. 

Read also: Crypto ETPs Could Face Mass Closures Within Two Years, Analyst Warns

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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