Bharat Mediratta has reportedly joined digital assets firm Coinbase (NASDAQ:COIN) as Fellow.
The former Google Distinguished Engineer and Dropbox CTO and SVP aims to bring his deep technical expertise to Coinbase, according to the announcement.
As noted by Coinbase:
“Today, we’re excited to welcome Bharat Mediratta as a Coinbase Fellow. Coinbase Fellows are highly accomplished and recognized technical leaders who are among the best in the world in their respective domains. The role functions at the same level as a Vice President, and is expected to drive technical strategy and be a key technical contributor in crucial areas for the company.”
Bharat brings many years of industry experience as a senior technical leader to Coinbase. He previously served as a Distinguished Engineer for 10+ years at Google and also led the team responsible for Google’s homepage and search results page — “making Search fast and reliable in all languages and all domains at human scale.”
Notably, Bharat has co-founded and served as president at AltSchool, an education technology firm. Recently, he served as CTO and SVP, Platform at Dropbox.
As mentioned in the announcement:
“A long time crypto enthusiast, his deep expertise in next generation infrastructure will be invaluable as we continue to scale the cryptoeconomy. We continue to recruit top technical talent at all levels. If you’re passionate about solving challenging engineering problems, please consider joining us in our mission to increase economic freedom around the world. Come build with us.”
As reported in May 2021, Coinbase, the newly listed digital asset exchange, had received some good news as two big banks predicted that shares in the company should be going higher over the next twelve months.
As covered in May, it was reported that JPMorgan analyst Kenneth Worthington initiated coverage of Coinbase an overweight rating stating he expects shares to trade up to $371 – a significant jump over the $240 it trades at today.
“We see the cryptomarkets as durable and growing, and expect Coinbase has the opportunity to influence and benefit from this market growth as it innovates. With 56 million verified users, we see Coinbase driving growth by implementing a marketing program to attract more mainstream investors and to convert verified users into funded active accounts,” said the analyst.
Goldman Sachs has also shared its opinion onto the list of expectations for Coinbase shares saying the security is a “buy” with a 12-month price target of $306.
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