Coinbase CEO of Coinbase Brian Armstrong said that US President Donald Trump’s strong support for Crypto has led the exchange to go to the recruitment spa in the United States.
“Coinbase is planning to employ 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,” Armstrong said in a video. to publish To x on March 7.
Employment of a spray to grow dramatically
“These policies are really important; this is the most supportive Congress for the quarter we have seen at all.” Adding 1,000 other employees will increase the total workforce in Coinbase by about 27 %, according to the latest Stockanalysis DataThis indicates that Crypto Exchange currently has 3772 employees.
source: Brian Armstrong
Armstrong filmed the video clip of a face outside the White House in Washington, DC, after attending the White House coding summit alongside other global leaders in the encryption industry such as Gemini founders Tyler, Cameron Winkelvos, founder of strategy Michael Silor, and CEO of Crypto.com.
The currency price decreased amid a decrease in the market on a wider scale
“We left the top of the digital assets in the White House. It was an incredible event and a really historical moment for our industry.”
He added: “President Trump has restored life in the encryption industry.”
Related to: Coinbase Files FOIA to find out the cost of “war on encryption”.
Employment plans come despite the decrease in the price of Coinbase (currency) by 22.40 % during the past month. The currency price was closed at 217.45 dollars on March 7, According to To Google Finance Data.
The decline coincides with a wider contraction in the encryption markets and securities after the proposed Trump tariff in China, Canada and Mexico on February 1.
source: Google Financing
Meanwhile, just two years ago, the encryption exchange recorded a similar number of employees in the ongoing coded winter. In January 2023, Armstrong said the stock exchange would reduce 950 jobs as part of the company’s measures to reduce operating costs by about 25 %.
At that time, Armstrong stressed that Coinbase “is good” and Crypto “does not go anywhere”, but the company must move forward with the demobilization of workers to maintain “appropriate operational efficiency”.
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