CEO of Shopify Tobi Lütke is joining the board of directors of the cryptocurrency exchange Coinbase Global Inc.
Lütke states that he believes Coinbase and Shopify share a similar vision when it comes to decentralized finance as well as the world of entrepreneurship.
Coinbase reports that the appointment is still pending board approval.
Shopify’s first encounter with digital currencies was back in 2020, when the company joined the Facebook-supported Diem Association (known as Libra at the time), an organization that was working on developing a global digital currency, however, according to various media reports, the association is now selling its assets.
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