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Coinbase hires NYSE exec

Coinbase Inc. has named Eric Scro vice president of finance, according to the virtual currency exchange's blog post.

Earlier this week, the SEC warned that some cryptocurrency exchanges may be operating illegally. Crypto trading hubs like Coinbase may have to start looking to stock exchanges as their future business models.

Scro previously was head of finance for Intercontinental Exchange Inc.-owned New York Stock Exchange.