Coinbase co-founder Fred Ehrsam is leaving the company

Former Goldman Sachs trader and Coinbase co-founder Fred Ehrsam is leaving the San Francisco bitcoin startup for new opportunities. Revealed to the company today via an internal meeting, Ehrsam told CoinDesk he intends to now “step back” from his daily duties at the end of January, take some time off, and potentially, plot a new venture in the blockchain industry. “There’s a high probability it will be in the crypto space,” he said. Ehrsam will continue to hold a position on the Coinbase board. When asked about the reasons behind the move, Ehrsam said that he believes both the company and the wider blockchain industry to be at an “inflection point”. Read more: coindesk.com