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Google Shopping product executive leaves for cryptocurrency exchange Coinbase

By Paresh Dave

SAN FRANCISCO (Reuters) - Google Shopping product leader Surojit Chatterjee is leaving Alphabet Inc for the chief product officer role at cryptocurrency exchange Coinbase Inc, the San Francisco-based startup announced on Wednesday.

Chatterjee, a vice president at Google, last year oversaw the launch of a major redesign of Google Shopping, a service that has long struggled to catch up to Amazon.com Inc's dominance in e-commerce. Google Shopping offers items from many brands and retailers in an online storefront.

Coinbase Chief Executive Brian Armstrong said in a blog post that though Chatterjee spent 11 years at Google, his two years in between as the product leader at Indian online shop Flipkart is more valuable experience.

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Chatterjee will aim to make cryptocurrencies, such as bitcoin and ethereum, mainstream and easy options for paying for goods and services, especially in cross-border transactions, Armstrong said. Chatterjee assumes his role on Monday.

Coinbase was valued at more than $8 billion in a 2018 financing round and counts Tiger Global Management and New York Stock Exchange owner Intercontinental Exchange Inc among its investors.

(Reporting by Paresh Dave; Editing by Lisa Shumaker)