"I'm really excited to take on this new mandate and to accelerate our mission of bringing a billion people and a million builders on-chain," he said on a post on X.
"Coinbase Wallet will continue to work across the entire on-chain economy, and we'll start the work of embodying the other Base values in even more ways."
The blockchain, which recently crossed the $2.2 billion mark in total value locked (TVL), launched a wrapped version of bitcoin on the protocol in mid-August.
Coinbase first launched its self-custody wallet in 2017 for mobile, then in 2021 for the desktop as an extension for Google's Chrome browser.
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