Coinbase Taps Facebook Deputy General Counsel as New Legal Chief (1)

Cryptocurrency exchange Coinbase Inc. raided Facebook Inc. for one of its top in-house lawyers, hiring Paul Grewal to serve as its new chief legal officer.

Grewal, a former federal magistrate judge, spent the past four years as deputy general counsel and vice president at Facebook, where he oversaw regulatory affairs, litigation, and commercial matters for the Menlo Park, Calif.-based social media giant.

“Paul’s mix of experience in private practice, as a federal judge, and as a leading in-house lawyer makes him a phenomenal addition to Coinbase,” the company said in a press release announcing his hire.

At Coinbase, which ...