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📅 July 3, 7:00 – July 9,
Coinbase plans to transfer employee equity trading to enhance Liquidity in response to the industry's downturn.
[Chain News] Paul Grewal, Chief Legal Officer of Coinbase, stated on October 9 that Coinbase plans to transfer on-site options(, RSUs), and SARs( trading to a certain platform. This move aims to provide employees with more liquidity options.
Grewal emphasized that this change will not affect employee compensation nor alter the equity structure of Coinbase. He stated: "We are working hard to provide employees with more options to manage their equity."
This move may be aimed at addressing the ongoing slump in the cryptocurrency industry. Recently, several cryptocurrency companies, including Coinbase, have faced regulatory pressure, and their stock prices have plummeted. By offering more liquidity options, Coinbase hopes to retain talent.
It is worth noting that this change only applies to on-site Options, RSUs, and SARs, excluding common stock. Grewal stated that the company will continue to comply with all applicable securities regulations and corporate policies.