- Coinbase to hire 1,000 new U.S. employees in 2025, increasing staff by 27%.
- Hiring surge follows Trump’s pro-crypto policies in the first 60 days.
- Coinbase stock fell 22.40% in a month amid a broader market downturn.
Coinbase’s CEO Brian Armstrong has revealed a major hiring increase in the U.S. after the White House Crypto Summit. The choice is made in reaction to President Donald Trump’s robust backing of the cryptocurrency sector, prompting the exchange to boost its staff by around 27%.
Coinbase Plans to Recruit 1,000 Staff Members in 2025
In 2025, Coinbase plans to hire about 1,000 new employees, Armstrong disclosed. He ascribed the surge in hiring to the pro-crypto policies introduced within the initial 60 days of the new administration. The inclusion of these employees will increase Coinbase’s overall staff count to almost 4,772, according to recent job statistics.
Armstrong announced via a video shared on social media, highlighting the significance of policy choices impacting the crypto sector. He remarked that this Congress has demonstrated the greatest backing for cryptocurrency regulation, creating a favorable atmosphere for industry expansion.
Crypto Executives Gather at White House Crypto Summit
After his participation in the White House Crypto Summit, where he worked alongside other prominent industry figures, Armstrong received the choice. Among those present were Gemini creators Tyler and Cameron Winklevoss, Strategy’s Michael Saylor, and Kris Marszalek, the CEO of Crypto.com. Assessing regulatory structures and the future of digital assets in the United States were the primary subjects of the conference.
Addressing the media outside the White House, Armstrong referred to the occasion as significant for the cryptocurrency industry. He attributed the revitalization of the industry and the encouragement of optimism among crypto companies and investors to President Trump. His comments followed summit discussions that emphasized the need for regulatory clarity and possible legislative measures affecting digital assets.
Coinbase’s Recruitment Strategy Comes After Market Decline
Notwithstanding the hiring announcement, Coinbase’s shares have seen a drop in the past few weeks. In the last month, Coinbase’s stock (COIN) fell by 22.40%, finishing at $217.45 on March 7, based on data from Google Finance. The decline aligns with wider market patterns, such as Trump’s suggested tariffs on Mexico, Canada, and China.
Meanwhile, just two years ago, the crypto exchange laid off a similar number of staff amid the ongoing crypto winter. In January 2023, Armstrong said the exchange would cut 950 jobs as part of the company’s measures to reduce operating costs by around 25%.
Coinbase’s choice to grow its staff indicates restored faith in the U.S. cryptocurrency market. The recruitment surge corresponds with changing policies that foster digital asset innovation. While regulatory talks progress, the cryptocurrency sector stays concentrated on the lasting effects of governmental measures on market stability and development.
