Appearance is everything in this market, so the decision of David Marcus, Facebook, to leave Coinbase

The leader of the Facebook chain, David Marcus, announced that he would resign his position at the US cryptocurrency meeting, Coinbase, on Friday, August 10, in a statement that several media outlets saw.

Marcus, who joined the exchange meeting in December 2017 and faced a Blockchain research group on Facebook in May, said he now believes it is "appropriate" to leave.

"Due to the new group that I am setting up on Facebook around Blockchain, I decided that it was appropriate for me to resign from the Coinbase board ... I have been very impressed by the talent and execution that the team has shown during my tenure, and I wish the team all the success it deserves in the future. "

The decision comes as rumors circulate about a potential acquisition of Coinbase by Facebook. Last month, the social media platform allowed the exchange to publicize its services, reversing a ban that went into effect in January.

As a result, the media cited sources suggesting that he perceived a "conflict of interest" in Marcus's heart by renouncing the space on the board.

According to the Facebook spokesman who spoke with CNBC, the measure was "to avoid the appearance of a conflict, instead of a real conflict."

"Under David's leadership, Facebook is ready to be one of the leading players in encryption and an active buyer," Ryan Gilbert, a partner at Propel Venture Partners and a junior investor at Coinbase, told the publication on Saturday.