Coinbase Names Melissa Strait As its New Chief Compliance Officer

Crypto exchange Coinbase yesterday announced that it has appointed Melissa Strait as its new Chief Compliance Officer.

In her new role, Melissa will be responsible for the company's anti-money laundering(AML) and know-your-customer(KYC) strategies. In addition, Melissa will also manage Coinbase's work with law enforcement agencies over the world.

As seen on her Linkedin profile, Melissa joins Coinbase from Stripe, where she most recently served as Global Head of Financial Crimes. Before this role, Square procured her as Compliance Manager from 2013. Kroll Advisory Solutions utilised her services as Manager from 2007 to 2013. Over the course of her career, Melissa also worked at ​U.S. Department of State, Youth For Understanding and Atlantic Council of the United States.

Commenting on the new appointment, Paul Grewal, Chief Legal Officer of Coinbase, stated: "As Coinbase continues to be the bridge between the cryptoeconomy and the traditional financial system, implementing industry-leading compliance programs will be critical to earning and maintaining the trust of our retail and institutional customers. Melissa's experience at the very cutting edge of fintech innovation makes her uniquely qualified to navigate the complex web of regulations to which we not only comply with, but are also helping to shape."