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Coinbase Plans 2K-Employee Hiring Spree This Year
The cryptocurrency exchange sees "enormous product opportunities ahead for the future of Web 3."
Updated May 11, 2023, 6:39 p.m. Published Feb 15, 2022, 1:46 a.m.
Coinbase (COIN), the largest U.S. cryptocurrency exchange by trading volume, will hire up to 2,000 people this year as it seeks to take advantage of opportunities in the development of Web 3 and other areas, Chief People Officer L.J. Brock said in a blog post Tuesday.
- The company plans to expand its product, engineering and design teams.
- "We believe our industry is in its infancy and that building onramps for individuals to participate is critical to driving the next-generation use case of crypto," Brock wrote.
- Coinbase will also add products to expand its offerings in hosting general content such as non-fungible tokens (NFT) and the Coinbase Wallet.
- Coinbase job candidates should prioritize clear communication, efficient execution and continuous learning, among other qualities, according to the post. They should also take a "mission-focused" approach to their work.
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Coinbase shares rise as ‘ambitious expansion’ wins analyst praise
The event marked a milestone that broadens the platform’s reach across new and traditional assets, the analysts said.
What to know:
- Coinbase rose as much as 4.6% after unveiling a broad product expansion including stock trading and AI-powered tools.
- Analysts from JPMorgan, Citi, and Clear Street said the roadmap could expand Coinbase’s market and user engagement.
- Wall Street price targets range from $244 to $505, reflecting diverging views on Coinbase’s ability to execute its “Everything Exchange” strategy.
- The shares were recently price at $249.16.
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