Product Manager II - Liquidity Management

Ready to be pushed beyond what you think you’re capable of? At Coinbase, our mission is to increase economic freedom in the world. It’s a massive, ambitious opportunity that demands the best of us, every day, as we build the emerging onchain platform — and with it, the future global financial system.

To achieve our mission, we’re seeking a very specific candidate. We want someone who is passionate about our mission and who believes in the power of crypto and blockchain technology to update the financial system. We want someone who is eager to leave their mark on the world, who relishes the pressure and privilege of working with high caliber colleagues, and who actively seeks feedback to keep leveling up. We want someone who will run towards, not away from, solving the company’s hardest problems.

Our work culture is intense and isn’t for everyone. If you want to build the future alongside others who excel in their disciplines and expect the same from you, there’s no better place to be.

While many roles at Coinbase are remote-first, we are not remote-only. In-person participation is required throughout the year. Team and company-wide offsites are held multiple times annually to foster collaboration, connection, and alignment. Attendance is expected and fully supported.

The Institutional Product Group enables the foundations of Coinbase's institutional business supporting thousands of large financial institutions. We enable institutions to custody their digital assets and participate in the crypto economy in a secure and safe way. We take pride in building a scalable & secure crypto platform supporting hundreds of assets and enabling crypto participation with staking, governance and web3 gateways. The team has interesting work on building cutting-edge crypto technologies, scalable infrastructure and UI surfaces across web, mobile and browser extensions in a fast-paced industry with an opportunity to build several new initiatives.

The Liquidity Manager role sits within the Markets organization which is responsible for the running and management of all Coinbase exchanges including Spot, Derivatives, and International Derivatives. This person will be responsible for managing liquidity and market maker programs for International Derivatives.

Responsibilities

• Working with cross-functionally to build external and internal Market Making reporting
• Managing liquidity programs for futures, perpetuals, and options
• Computing slippage and mark-outs for the exchange
• Monitoring liquidity, depths and flows on the exchange to ensure appropriate marketplace health
• Working with sales to manage Market Maker relationships

Qualifications

• 7+ years of experience in a trading or markets environment, preferably in a Crypto firm
• An entrepreneurial "0-to-1" mindset. You are not afraid to roll up your sleeves and "do the job" manually first (like running a liquidity program) before you build the technology to automate it.
• In-depth knowledge of derivatives markets and trading, especially in Crypto
• Keen understanding of Market Maker activity, strategies and mechanics
• Deeply analytical, with a proven ability to partner with Data Science to build measurement and A/B testing frameworks from the ground up.
• Exceptional interpersonal communication, relationship management, and organizational skills, with a proven ability to lead complex, multi-quarter, cross-functional projects.

Nice to have

• Direct trading experience at a quantitative market making firm or exchange focusing on Crypto derivatives
• Experience or passion in crypto
• Strong interest in influencing the business: revenue generation, business models, and LTV optimization.

Pay Transparency

The target annual base salary for this position can range as detailed below. Full time offers from Coinbase also include bonus eligibility + equity eligibility + benefits (including medical, dental, and vision).

Base salary range shown. Total compensation also includes equity and bonus eligibility and benefits: £122,400 — £136,000 GBP

Commitment to Equal Opportunity

Coinbase is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, sex, gender expression or identity, sexual orientation or any other basis protected by applicable law.