Balaji Srinivasan Photo by Steve Jennings/Getty Images for TechCrunch

Balaji Srinivasan, the Chief Technology Officer (CTO) of $8 billion valued Coinbase who took up the position after the cryptocurrency exchange acquired Earn.com — a crypto startup he led as CEO —for $100 million last year, has announced his departure from the company after just a year on the job. This marks an addition to other recent departures from Coinbase’s executive suite.

This year alone, Dan Romero, the company’s vice president of international business, Soups Ranjan, director of data science and risk, Christine Sandler, director of institutional sales, and senior compliance manager Vaishali Mehta have all departed Coinbase. Some other departures also occurred last year, notably after its $300 million raise in October that valued it at $8 billion. Srinivasan officially announced his departure via a tweet where he praised working with his friend Brian Armstrong, the CEO of Coinbase.

Thank you @balajis for your incredible contributions to @coinbase! You will be missed and I can’t wait to see what your next chapter has in store 🙂 https://t.co/nnM8jjYWGQ

— Brian Armstrong (@brian_armstrong) May 4, 2019

Srinivasan has quite a history, having previously been a board partner at Andreessen Horowitz and co-founder of Counsyl (a genetic screening company acquired for $375 million last year) and Blockchain non-profit Coin Center. He previously served as CTO at Counsyl prior to a departure in late 2012.

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