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Crypto Exchange ShapeShift Is Looking for a New CFO

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Cryptocurrency alternate ShapeShift is transferring round its control staff forward of a significant revamp.

The startup is looking for a brand new leader monetary officer to prevail Justin Blincoe, who’s taking up a brand new function on the corporate, leader advertising and marketing officer Emily Coleman instructed CoinDesk.

“ShapeShift is constantly evolving as an organization, and we are preparing for our next phase of dramatic growth,” Coleman stated. “To do this effectively, we are working to bring in new expertise and talent. Mr. Blincoe is helping lead this initiative, and will ultimately move into a different senior finance role at the company, while remaining CFO in the interim.”

Coleman didn’t supply additional main points as to what Blincoe’s long run function can be.

Last week, ShapeShift introduced the beta release of a new version of the alternate that would supply better interoperability with ShapeShift’s different merchandise, particularly the {hardware} pockets KeepKey and the pricing tracker CoinCap. For now, it’s to be had simplest to a make a selection workforce of customers.

The adjustments are coming amidst difficult occasions: ShapeShift is likely one of the many blockchain startups that needed to make critical team of workers cuts throughout the crypto wintry weather. In January, CEO Eric Voorhees introduced the corporate had laid off 37 employees, a 3rd of its team of workers, calling it “a deep and painful reduction, mirrored across many crypto companies in this latest bear market cycle.”

In addition to the tough marketplace stipulations, ShapeShift has just lately suffered some recognition blows after it introduced KYC in September and later was once featured in a Wall Street Journal article claiming the alternate was once instrumental in cash laundering practices — allegations Voorhees called “factually inaccurate and deceptive.”

ShapeShift sales space at Consensus, symbol by way of CoinDesk archives.

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