Coinbase appoints new general manager to oversee Europe operations

Crypto exchange Coinbase has appointed Marcus Hughes as the new general manager overseeing its European operations, the company announced Tuesday.

Hughes served as general counsel for Coinbase's international operations for the past two years. Prior to his time at Coinbase, Hughes spent nearly a decade at Morgan Stanley, where he was an executive director in its legal and compliance division.

According to the announcement, Hughes will now be responsible for scaling operations across Europe as well as "bringing to market the products and features that our customers want."

Last year, the exchange launched Coinbase Card, a Visa debit card that enabled customers in the U.K. and 26 European countries to spend crypto as they would money from traditional bank accounts.

In 2018, Coinbase became the first crypto company to receive an E-Money license as well as access to the Faster Payments Scheme, which gave its users access to instant deposits and withdrawals.