Coinbase Appoints George Osborne As Internal Advisory Council Chair
Coinbase has appointed former UK Chancellor George Osborne as chair of its internal advisory council, reflecting its strategy to strengthen relations with foreign governments. Osborne, who joined as an advisor in 2024 during Coinbase’s issues with the US SEC, sees the chairmanship as an opportunity to further engage with blockchain technology and its societal potential. He has publicly criticized the UK’s slow progress in crypto regulation, warning that the dominance of US dollar-pegged stablecoins threatens the relevance of the British pound. Osborne’s appointment coincides with Coinbase’s expansion, including the acquisition of Deribit and integration of new financial services such as tokenized stock and ETF trading, prediction markets, and plans for offering perpetual crypto and stock futures with significant leverage. These moves are part of Coinbase’s broader effort to become a comprehensive financial platform, offering 24/7 trading across both crypto and traditional assets.
