Coinbase reshuffles top ranks amid push into stocks and predictions

Coinbase has replaced or reassigned four senior leaders after cutting 14% of its workforce, as the exchange builds a platform spanning crypto, stocks, derivatives and prediction markets. Summary Coinbase is replacing or reassigning four senior leaders during its multi-asset expansion. Dominique Baillet is expected to succeed Lawrence Brock as chief people officer. Stocks and prediction markets are growing as weak crypto conditions pressure COIN. A Coinbase regulatory filing states that Chief People Officer Lawrence Brock will leave his position on Aug. 17 and remain with the company through Sept. 1 to transfer his duties. Coinbase expects to appoint Dominique Baillet as Brock’s successor, placing her in charge of the company’s hiring, retention and workplace operations during a period of product expansion. Brock will continue providing advice from Sept. 2 through Nov. 30 under an agreement signed on July 23, according to the filing. The arrangement gives him a payment equal to three months of his current base salary after the advisory period, along with continued vesting of restricted stock units scheduled for Nov. 20. Coinbase’s filing does not give a reason for his departure. His...