David Marcus Resigns from Coinbase to Join Facebook Blockchain Team

• The Blockchain Boss of Facebook, David Marcus decides to leave the board of Coinbase.
• His resignation shows a signal of his progress regarding the blockchain efforts put in forth.

According to a report, David Marcus left the Coinbase’s Board and continues the working with the Facebook Team. The decision is taken to avoid the conflict of interest between the Facebook and his former company; as he continues his charge into the blockchain technology.

In the last four years, David Marcus was the vice president of Facebook, which gave him a push in December 2017, to start on the board of directors with Coinbase. He was working together with the CEO Brian Armstrong at that time. Brian has planned to use the exclusive experience of Marcus in the domain of “payments and mobile space,” expecting it would boost Coinbase to reach their mission.

Within five months of appointment, Marcus acquired a new role for the position of Blockchain research lead at Facebook. This move was beneficial for his professional career. However, continuing his position at Coinbase was somewhat impossible as his decision to step down was taken very patiently.

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