David Edwards
In 2025, Coinbase CEO Brian Armstrong expects to hire over 1,000 more staff members in the US, citing President Donald Trump’s ardent support of cryptocurrencies as the reason.
The Biggest Hiring Drive in Coinbase’s History
In a video posted to X on March 7, Armstrong stated, “Coinbase is planning to hire about 1,000 people in the United States this year as a direct result of his actions already in the first 60 days or so.”
According to Stockanalysis statistics, the additional recruits would represent a 27% growth in Coinbase’s workforce, which now has 3,772 employees. Armstrong stressed that a key factor in promoting sector expansion is the current U.S. administration’s crypto-friendly policies.
A Crypto Summit with Industry Leaders at the White House
After the White House Crypto Summit, which was attended by prominent industry heavyweights
- Cameron Winklevoss (Gemini) and Tyler
- Michael Saylor, the founder of Strategy
- Kris Marszalek, CEO of Crypto.com
“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 remarked. “President Trump has breathed life back into the crypto industry.”
According to Google Finance data, Coinbase’s shares (COIN) has dropped 22.4% in the last month, closing at $217.45 on March 7, despite the company’s aggressive recruiting ambitions. The drop is consistent with a general market fall that began on February 1st when Trump announced tariffs on Canada, Mexico, and China.
A Reversal of the Crypto Winter Layoffs
The recruiting frenzy is a dramatic change from 2023, when Coinbase reduced operating expenses by 25% by laying off 950 workers during the crypto winter. Armstrong reassured investors at the time that, despite the required reduction, Coinbase was still well-capitalized and that cryptocurrency was here to stay.
Coinbase has reversed its previous personnel reductions and doubled down on its U.S. presence, indicating that it is primed for expansion with new pro-crypto policies in place.
