Three Veteran Executives Of CoinMarketCap Departs The Company

Three veteran executives of CoinMarketCap departs the company. Together with two of her counterparts, Jeremy Seow and Spencer Yang, CoinMarketCap’s chief strategy officer and acting CEO Carylyne Chan is biding farewell to the the well-known crypto market data site after over 2 years.

Chan, who has been working at CMC since January 2018, revealed her departure publicly on 31 Aug. She had assumed the role of interim CEO shortly after Binance acquired CMC in April of this year.

Seow, for his part, has been CMC’s vice president of products since June 2019, the same month that Yang joined as vice president of operations, growth and revenue.

Chan says she is departing the firm hoping CMC will take on a more prominent role in crypto-currency education. A pillar of the plan she presented for the near feature was “CMC Alexandria”—a new CMC educational segment aimed at orienting newcomers to cryptocurrency.

Chan sketched out her vision of cryptocurrency as a cooperative and community-led “revolution,” which still requires significant collective efforts before it can break through and “cross the chasm” to widespread use.

“Apart from shedding light on the complicated inner workings of crypto, I believe that there is also a lot more that we need to do to make the actual use of the technology easier. We’ve all known for a while that better user experiences and simplified interfaces and products will be key to ramping up adoption of crypto,” Chan said.

“Over time, I hope that we address the misconceptions that the public may have about the crypto space,” said Chan. “This will happen over time, as the utility of various crypto products, and crypto-based derivatives gain prominence, and show their true potential in the wider economy.” 

[image: Mantas Hesthaven]

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