The directorship is Lütke’s first at a public company other than his own. He joins venture capitalists Fred Wilson, Marc Andreessen and Katie Haun on the now-eight member board. (The Logic)

Talking point: Both companies have made moves into each other’s domains in recent years. In February 2018, Coinbase launched a service to allow merchants to accept cryptocurrency payments at checkout, starting with a Shopify integration. Lütke has tweeted that he’s “very pro-crypto,” and that his firm would support it “once there is buyer demand for using it.” Shopify joined the Facebook-led Libra Association cryptocurrency project in February 2020 at a time when it was reeling from high-profile departures. (Later renamed Diem, it ended this month.) Shopify and Coinbase also share some operating philosophies. Both went remote-first during the pandemic, and now dispatch their press releases from non-geographic placelines. Lütke and Coinbase CEO Brian Armstrong have also both sent memos urging employees to focus on their firms’ respective corporate missions and eschew “societal” issues at work, prompting criticism from some members of staff.