Coinbase is ramping up hiring in the United States, and CEO Brian Armstrong credits former President Donald Trump’s pro-crypto stance for the move.
In a video posted on X on March 7, Armstrong revealed that the exchange plans to add approximately 1,000 employees in the U.S. this year.
“This is a direct result of his actions already in the first 60 days or so,” he said, highlighting the impact of Trump’s policies on the industry.
Armstrong Calls Current U.S. Congress the ‘Most Pro-Crypto’ in History
Armstrong noted that the current Congress is the “most pro-crypto” the U.S. has ever had.
The hiring spree would increase Coinbase’s workforce by about 27%, based on Stockanalysis data that estimates the company currently has 3,772 employees.
The announcement came after Armstrong attended the White House Crypto Summit, where he joined industry leaders such as Gemini founders Tyler and Cameron Winklevoss, MicroStrategy’s Michael Saylor, and Crypto.com CEO Kris Marszalek.
Speaking outside the White House, he described the event as a “historic moment” for the crypto sector.
“President Trump has breathed life back into the crypto industry,” Armstrong stated.
The hiring expansion comes despite a recent dip in Coinbase’s stock price.
Over the past month, COIN shares have fallen 22.4%, closing at $217.45 on March 7, according to Google Finance.
The decline coincides with broader market downturns following Trump’s proposed tariffs on China, Canada, and Mexico on Feb. 1.
Just two years ago, Coinbase had taken the opposite approach, laying off nearly 1,000 employees in January 2023 to cut operating costs by 25%.
At the time, Armstrong reassured investors that the company remained well-capitalized, emphasizing that “crypto isn’t going anywhere” despite market challenges.
Coinbase CEO: Trump’s Crypto Plans Spark Buzz in Crypto
Just recently, Coinbase CEO Brian Armstrong said U.S. President Donald Trump’s crypto agenda has become a central topic of discussion across the crypto industry, financial markets, and the tech world.
Reflecting on his recent time at the World Economic Forum (WEF) in Davos, Armstrong revealed that conversations with major market leaders were dominated by Trump’s plans for digital assets.
“Basically, every conversation I had with major market leaders was focused on what the Trump administration planned to do on crypto,” Armstrong said.
He added that Trump’s bold vision is pushing industry players to step up, with many striving to avoid being left behind in the rapidly evolving landscape.
During the WEF, Trump pledged to make the United States the “world capital of artificial intelligence and crypto.”
This commitment, one of his first public statements since taking office on Jan. 20, has set a transformative tone for the industry.
Armstrong praised Trump’s approach, along with the leadership of Argentina’s President Javier Milei and El Salvador’s President Nayib Bukele, for embracing free markets as drivers of prosperity.
Among Trump’s speculated plans is the creation of a Strategic Bitcoin Reserve, though his latest executive order hints at a broader vision.
The post Trump’s Crypto Support Drives Coinbase to Hire 1,000 in the U.S., Says CEO appeared first on Cryptonews.
