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Coinbase Hires Former SEC Alum to Lead Exchange's Capital Markets Legal Work

Coinbase has been on a recruiting drive, hiring from some of the world's largest companies.

Mise à jour 14 sept. 2021, 1:11 p.m. Publié 15 juin 2021, 2:16 a.m. Traduit par IA
Coinbase Global Debuts Initial Public Offering At Nasdaq MarketSite

Coinbase has hired a former deputy director of the U.S. Securities and Exchange Commission (SEC) to lead the exchange's legal work on capital markets.

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Christian Sabella, who departed the SEC on June 2, joins the exchange as its senior director and associate general counsel of the exchange's capital markets division.

Sabella joins Coinbase at a time when the exchange has been on a recruiting drive, hiring from some of the world's largest companies, including Goldman Sachs.

The announcement came via Coinbase's chief legal officer, Paul Grewal on Monday.

Before joining Coinbase, Sabella had worked for the SEC for over a decade, where he initially began as branch chief at the regulator's Office of Trading Practices, Division of Trading and Markets, per Sabella's LinkedIn page.

See also: Coinbase to Manage Crypto Investments of 401(k) Provider ForUsAll

Prior to his appointment at the SEC, Sabella held a role at Shearman & Sterling as a senior associate, where he specialized in over-the-counter derivatives and structured financing.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

Ce qu'il:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Here's what bitcoin bulls are saying as price remains stuck during global rally

Rate cut size next week comes into question (Bruce Mars/Unsplash)

It's about a lot more than "zooming out." Supply overhangs and investor "muscle memory" regarding gold help explain bitcoin's poor absolute and relative performance.

Ce qu'il:

  • Bitcoin has failed so far to act as an inflation hedge or safe-haven asset, lagging badly behind gold, which has surged amid high inflation, wars, and interest rate uncertainty.
  • Crypto advocates argue that bitcoin’s weakness reflects a temporary supply overhang, investor “muscle memory” favoring familiar precious metals and its correlation with risk assets, rather than a collapse in long-term demand.
  • Many bitcoin proponents still see BTC as a superior long-term store of value and “digital gold,” predicting that, once traditional hard assets are overbought, capital will rotate into bitcoin, allowing it to “catch up” to gold.