Genesis

Coinbase has poached Instinet CEO Jonathan Kellner to lead institutional sales

Quick Take

  • Instinet CEO Jonathan Kellner is leaving the firm to join cryptocurrency exchange Coinbase, according to people familiar with the situation. 
  • Kellner will lead Coinbase’s institutional sales and support businesses, covering its over-the-counter trading business. 
  • Kellner, who joined Instinet in 2007, took on the top position in 2014. 

 

Instinet CEO Jonathan Kellner is set to join cryptocurrency exchange Coinbase next year, according to people familiar with the situation. 

Kellner, whose career at Instinet, the institutional brokerage firm, began in 2007, took on the CEO position in 2014. As Business Insider earlier reported in August, Instinet has been preparing for Kellner’s exit and potential replacement by former Goldman Sachs trader Robert Ralston.