Business

Shopify CEO Tobi Lütke to join board at cryptocurrency exchange Coinbase

Cryptocurrency exchange Coinbase Global Inc. says Shopify CEO Tobi Lütke will join its board of directors.

Founder of Ottawa-based company also signed up to be a part of Facebook's crypto program

Shopify founder Tobi Lütke has a longstanding interest in decentralized finance and cryptocurrency initiatives. (Paul Chiasson/The Canadian Press)

Cryptocurrency exchange Coinbase Global Inc. says Shopify CEO Tobi Lütke will join its board of directors.

Coinbase founder Brian Armstrong said in a release that Lütke brings experience as an entrepreneur, and as an early adopter of crypto, including through Shopify's integration with Coinbase's crypto payment platform.

He says Lütke will help as Coinbase looks to expand crypto to more people and businesses globally.

Lütke said in a statement that Coinbase and Shopify share the like-minded vision of decentralized finance and entrepreneurship.

In 2020, Shopify also joined the Facebook-backed Diem (then called Libra) Association that was working on a global digital currency, though media reports last week said that the association was selling its assets.

Coinbase says the appointment is still subject to formal board approval.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.

Become a CBC Member

Join the conversation  Create account

Already have an account?

now