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Brian Armstrong (left), co-founder and CEO of Coinbase, welcomes Tim Wagner, formerly head of Amazon Web Services’ Lambda team, to Coinbase. (Coinbase Photo)

Thanks to its early start, Amazon Web Services is pretty far ahead of its cloud competitors when it comes to serverless computing. The executive who has overseen that project from conception, Tim Wagner, announced Monday that he’s leaving the company to take a new engineering leadership role at bitcoin exchange Coinbase.

In a tweet, Wagner compared the work of Coinbase on distributed blockchain applications to the distributed computing system built by AWS:

Coinbase is an exchange that lets holders of Bitcoin and other digital currencies buy and sell their assets, and it also works with businesses to manage their digital currency holdings and develop ways to accept digital currency for products and services. In a blog post, Coinbase co-founder and CEO Brian Armstrong said Wagner will be leading the engineering team at the company, with plans to grow.

“Tim is passionate about the Coinbase mission, he’s aligned with our values, and he has deep experience with leading great technical organizations,” Armstrong wrote in the post. “These qualities, along with his engineering expertise, make him the ideal addition to our team.”

Wagner has overseen AWS Lambda since a little before it launched in 2014, when it was first revealed as a preview release. Since then, Lambda has become the predominant serverless computing technology in use, attracting more and more attention as developers look for cloud services that remove the complexity of hardware management and allow them to pay only for what they use, down to the second.

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