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Marc Andreessen, Kelly Kramer Named Directors on Coinbase Board
Coinbase is shaking up its boardroom with faces old and new.
By Danny Nelson
Updated Sep 14, 2021, 10:44 a.m. Published Dec 16, 2020, 6:46 p.m.
Tech venture capitalist Marc Andreessen and Cisco veteran Kelly Kramer were named to the Coinbase board of directors as full members, the cryptocurrency exchange said Wednesday.
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Andreessen, who previously served as a "board observer" will now have a say in Coinbase's operations as a full director. So will Kramer, the new chair of the board's audit and compliance committee. She replaces previous audit chief Chris Dodds.
The boardroom shakeup beefs up Coinbase's board with faces old and new. Andreessen's VC firm, Andreessen Horowitz, first invested in Coinbase in 2013. Kramer, who is only Coinbase's second female director, has run Cisco's financials for the past six years. She also sits on Snowflake's board.
The composition of Coinbase's board could take on heightened importance should the company choose to pursue its reported consideration of a public offering. Tech-heavy stock exchange Nasdaq is pushing its listed companies to increase boardroom diversity.
Coinbase is hiring aggressively across the working ranks – partly to patch recent employee attrition. Its C-suite positions are also on the rise.
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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