Coinbase to add 1,000 more US jobs in 2025, thanks to Trump — Brian Armstrong

Ciaran Lyons 2 minutes ago Coinbase to add 1,000 more US jobs in 2025, thanks to Trump — Brian Armstrong After the White House Crypto Summit, Coinbase CEO Brian Armstrong announced the crypto exchange would be going on a hiring spree in the United States. 19 Total views Listen to article 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED Follow our Subscribe on Coinbase CEO Brian Armstrong confirmed that US President Donald Trump’s aggressive pro-crypto stance since taking office has led the crypto exchange to go on a hiring spree of around 1,000 US-based employees in 2025. “Coinbase is planning to hire about 1000 people in the United States this year as a direct result of his actions already in the first 60 days or so,” Armstrong said in a video posted to X on March 7. Coinbase employees define Trump’s plan “These policies really matter; this is the most pro-crypto Congress we’ve ever seen as well,” he said. Adding 1,000 more employees would increase Coinbase's total workforce by about 27%, according to Stockanalysis’ most recent data , which shows that the crypto exchange currently has 3,772 employees. Source: Brian Armstrong Armstrong filmed the face-to-camera video outside the White House in Washington D.C. after attending the White House Crypto Summit alongside other global leaders in the crypto industry such as Gemini founders Tyler and Cameron Winklevoss, Strategy founder Michael Saylor, and Crypto.com CEO Kris Marszalek. “We just left the digital asset summit at the White House. It was an incredible event and a really historic moment for our industry,” Armstrong said. “President Trump has breathed life back into the crypto industry,” he added. Related: Coinbase files FOIA to see how much the SEC’s ‘war on crypto’ cost The hiring plans come despite Coinbase’s (COIN) stock price dropping 22.40% over the past month. COIN’s price closed at $217.45 on March 7, according to Google Finance data. The decline coincides with a broader downturn in the crypto and stock markets following Trump’s proposed tariffs on China, Canada, and Mexico on Feb. 1 . Source: Google Finance 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%. Armstrong emphasized at the time that Coinbase is “well capitalized” and crypto “isn’t going anywhere,” but the firm has to proceed with layoffs to maintain “appropriate operational efficiency.” Magazine: SEC’s U-turn on crypto leaves key questions unanswered # Coinbase # Adoption # Brian Armstrong # Cryptocurrency Exchange Add reaction