Coinbase's Balaji Srinivasan leaves after one year as CTO

Balaji Srinivasan appears to be leaving Coinbase after serving one year as chief technology officer.

In a tweet on May 3rd, Balaji Srinivasan announced he "Taking a bit of time off" from his role as CTO at Coinbase.

Balaji Srinivasan is an engineer and serial entrepreneur who has co-founded a myriad of startups, including Earn.com which was acquired by Coinbase for $120 million in April of 2018.

During his time at Coinbase, Srinivasan also helped launch Coinbase's stablecoin USD Coin, integrated staking for Tezos, and helped bring a variety of different coins to the Coinbase platform.

Balaji Srinivasan is known as a prolific technologist.

Prior to his work at a16z, Srinivasan was the CTO and co-founder of Counsyl-a company which developed a pre-pregnancy genomic test for heritable diseases.

From a Stanford startup to testing roughly 3 percent of all births in the United States, his work for Counsyl won Balaji Srinivasan Wall Street Journal's innovation award for medicine.

Brian Armstrong described Srinivasan as "One of the most respected technologists in crypto" following Coinbase's acquisition of Earn.com.

Following his departure, figureheads in the crypto, such as Coinbase CEO Brian Armstrong, and Block.

It's unclear who will replace Srinivasan as CTO at Coinbase.