727 FinancePANews reported on October 3 that according to SEC documents, Coinbase Chief Accounting Officer Jennifer Jones notified the company of her retirement decision on September 29. Jennifer Jones will continue to serve until her successor takes over, while the company launches a search for a successor.
Coinbase chief accounting officer Jennifer Jones plans to retire
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Coinbase earned a net profit of $700 million in Q3, with nearly 90% of the profit coming from rising coin prices.
When Bitcoin's price is stuck in a range, the market will take a more sober view of Coinbase's profitability and risk resilience as a company.