Cryptocurrency startup Coinbase has hired a former executive for TD Ameritrade to serve as its new president and chief operating officer (COO).
Asiff Hirji, the startup announced today, is taking a leadership role at Coinbase after helping advise portfolio companies for Andreessen Horowitz, one of its existing investors. The firm led Coinbase's $25 million funding round back in 2013, with the startup raising more than $200 million in venture capital to date.
Hirji is a notable hire for Coinbase, given the growing profile of its regulated cryptocurrency exchange and a boom in the price of bitcoin and other cryptocurrencies. He previously held several leadership roles for TD Ameritrade, including chief information officer, working for the brokerage giant in the early 2000s. Per LinkedIn, Hirji has also served in senior roles at TPG Capital and Bain Capital, as well as Saxo Bank and Hewlett-Packard.
"I'm very excited to be a part of the company and look forward to helping realize its full potential," Hirji said in a statement.
In comments to Fortune, Hirji noted the rise in activity around trading at the startup's GDAX digital asset exchange, highlighting how the action is being driven by buyers from "the Wall Street crowd."
"This is no longer a fringe thing just for fan boys," he told the publication. "The Wall Street crowd and traditional old guard in the financial world are jumping in as well."
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Coinbase.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.