Counsel, Coinbase

Institutional

$183.9-216.3k

Salary dependent on location. + Target bonus + target equity

Senior and Expert level
Remote in US
Coinbase

The world’s leading exchange for digital currencies

Be an early applicant

Coinbase

The world’s leading exchange for digital currencies

1001+ employees

FintechB2CB2BCryptocurrencySaaS

Be an early applicant

$183.9-216.3k

Salary dependent on location. + Target bonus + target equity

Senior and Expert level
Remote in US

1001+ employees

FintechB2CB2BCryptocurrencySaaS

Company mission

Their mission is to create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency.

Role

Who you are

  • We’re looking for a lawyer with solid product development, regulatory and negotiation skills preferably developed within the traditional prime brokerage, securities financing, and/or derivatives sectors
  • A sense of curiosity, flexibility and adventure combined with the desire to make an impact at the intersection of crypto and traditional global markets is essential
  • Licensed attorney with at least 2 years experience working in a financial services institution in the US (e.g. bank, e-money issuer, payment service firm, broker dealer / asset manager) or in a law firm supporting such clients
  • Strong negotiation skills and ability to review and negotiate financial agreements (e.g. prime brokerage, lending and derivatives documentation)
  • Interest in digital currency and blockchain technology
  • Experience working and leading with cross-functional, globally located teams
  • Familiarity with US regulatory regimes applicable to financial instruments
  • Comfortable challenging the status quo and preconceived notions of what is possible
  • Excellent judgment, analytical rigor, clear communication, and business pragmatism
  • Top-notch analytical skills with experience owning projects from concept to finish
  • Creativity, comfort and experience with oral solutions that help scale financial services businesses and technology solutions that help scale practices
  • Sound and practical business judgment
  • Intellectual curiosity and flexibility
  • Attention to detail and focus on process ownership from start to finish
  • Team-oriented and collaborative
  • To achieve our mission, we’re seeking a very specific candidate. We want someone who is passionate about our mission and who believes in the power of crypto and blockchain technology to update the financial system
  • We want someone who is eager to leave their mark on the world, who relishes the pressure and privilege of working with high caliber colleagues, and who actively seeks feedback to keep leveling up
  • We want someone who will run towards, not away from, solving the company’s hardest problems

Desirable

  • Experience working with product teams launching fintech, financial services, investment or similar products
  • Experience registering and perfecting collateral arrangements
  • Experience with bankruptcy rules and regulations
  • Experience with cross-border analysis
  • Experience with Edgar and analyzing regulatory filings

What the job involves

  • The Legal Counsel (Institutional Legal) role will be based in the US working as part of the Institutional Legal team covering US markets and professional trading clients including banks, brokers, hedge funds, market makers corporates and other professional traders
  • The team consists of a small but highly experienced group of lawyers from a combination of traditional finance and fintech backgrounds
  • The role reports into the head of the team and covers institutional products including prime brokerage, exchange, trading and custody, derivatives and financing products
  • Negotiate first-of-a-kind, highly-tailored agreements with strategic partners and sophisticated counterparties in the finance, payments and digital currency space
  • Provide full product life-cycle counseling for a variety of global prime brokerage, custody and derivatives related products, and practical advice on associated legal issues and risks, complex agreement structures and company policies in a risk-tolerant, but compliance-oriented environment
  • Stay abreast of and advise on digital currency and blockchain technology legal and regulatory issues
  • Lead and assist with complex and global cross-functional efforts, driving and ensuring cross-functional alignment with other stakeholders (Institutional Sales, Business Development, Product/Engineering, Finance/Tax, Compliance)
  • Effectively collaborate with those same cross-functional teams and legal colleagues to solve problems, build partnerships, and close deals quickly
  • Proactively solve problems for the business as they plan and execute on an aggressive global growth plan, develop scaled strategies for addressing risk in business-centric ways and build commercial processes that allow the business flexibility and freedom to move quickly
  • Look around corners and creatively solve problems for the business as they plan, build, and execute their transactional and product roadmap
  • Be a business partner, not just a lawyer

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Insights

Led by a woman
Top investors

-24% employee growth in 12 months

Company

Company benefits

  • 12 weeks maternity/paternity leave
  • Vision and dental care
  • Commuter benefits
  • Learning and development budget
  • Unlimited paid time off policy
  • Work from home opportunities
  • Health insurance

Funding (last 2 of 8 rounds)

Oct 2018

$300m

GROWTH EQUITY VC

Oct 2018

$108.1m

SERIES D

Total funding: $633.4m

Our take

Coinbase allows its users to create their own crypto wallets and start buying or selling cryptocurrencies by connecting with their bank accounts. It also provides a series of merchant payment processing systems and tools that support transactions with many popular websites.

Coinbase has recently made a big push to broaden its services away from consumers and they want to cater services from institutional investors.

Coinbase currently offers one of the largest selection of cryptocurrency assets - over 10,000 but does not allow trading on all of them. The company wisely keeps such offerings to the most stable assets however, the list is always expanding. Coinbase see a much wider adoption of cryptocurrency and tokens in the future, and plan to expand potentially to millions in the future. It speaks volumes to Coinbase's goals of wider global adoption that former UK Finance Minister George Osborne is now an Advisor at the company.

Coinbase's lofty ambitions paid off in it being the first crypto listing on the NASDAQ. The company has weathered several bull and bear runs in the cryptocurrency industry through diversification of its offerings, including wallet-as-a-service technology for crypto platforms, and has acquired healthy coffers of cryptocurrency assets. The aim is to eventually operate independently of the volatility surrounding cryptocurrencies.

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Freddie

Company Specialist at Welcome to the Jungle