Coinbase, a leading US crypto Exchange and wallet platform, has hired Brett Tejpaul as its head of institutional coverage.

Announced on Monday, Tejpaul joined the crypto firm after 17 years of his service at Barclays. During his tenure at the investment bank, he headed departments dealing with digital business, client strategy, and credit and equity sales.

His resume also includes the role of heading structured finance and credit products in the European market for JP Morgan.

The announcement detailed that Tejpaul will lead multiple teams based in San Francisco, New York, the United Kingdom, and Asia and will focus on the institutionalization of crypto.

“This includes continuing to expand our institutional client base, building out our coverage team, introducing new features and services that institutional investors expect, and continuing to educate the institutional community about crypto as an asset class and its role within a diversified portfolio,” Emilie Choi, chief operating officer, detailed the role of Tejpaul.

Expanding reach into Wall Street

Over the years Coinbase has built strong institutional crypto offerings with its business expanding from over-the-counter desk to custody.

The recent appointment shows the exchange’s determination to further push and develop its services for the lucrative institutional clients.

According to a media report, Coinbase is also thinking about building a service around stablecoins, however, the nature of the service is not clear yet.

“Across the company, our teams have been working tirelessly to build a suite of institutional-grade products and services designed in a way that’s familiar to professional investors, yet specialized enough to take advantage of everything that makes crypto a truly unique asset class,” Choi added.

Coinbase, a leading US crypto Exchange and wallet platform, has hired Brett Tejpaul as its head of institutional coverage.

Announced on Monday, Tejpaul joined the crypto firm after 17 years of his service at Barclays. During his tenure at the investment bank, he headed departments dealing with digital business, client strategy, and credit and equity sales.

His resume also includes the role of heading structured finance and credit products in the European market for JP Morgan.

The announcement detailed that Tejpaul will lead multiple teams based in San Francisco, New York, the United Kingdom, and Asia and will focus on the institutionalization of crypto.

“This includes continuing to expand our institutional client base, building out our coverage team, introducing new features and services that institutional investors expect, and continuing to educate the institutional community about crypto as an asset class and its role within a diversified portfolio,” Emilie Choi, chief operating officer, detailed the role of Tejpaul.

Expanding reach into Wall Street

Over the years Coinbase has built strong institutional crypto offerings with its business expanding from over-the-counter desk to custody.

The recent appointment shows the exchange’s determination to further push and develop its services for the lucrative institutional clients.

According to a media report, Coinbase is also thinking about building a service around stablecoins, however, the nature of the service is not clear yet.

“Across the company, our teams have been working tirelessly to build a suite of institutional-grade products and services designed in a way that’s familiar to professional investors, yet specialized enough to take advantage of everything that makes crypto a truly unique asset class,” Choi added.