Coinbase hiring expansion 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 Praises ‘Pro-Crypto’ Congress, Plans Hiring
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.
He described the event outside the White House as a “historic moment” for the crypto sector.
“President Trump has breathed life back into the crypto industry,” Armstrong stated.
Historic day at the Whitehouse Digital Asset Summit. Thanks to @POTUS’s leadership, along with @DavidSacks, the U.S. now has a Strategic Bitcoin Reserve and emerging regulatory clarity.
This is directly translating to economic growth in the U.S. For instance, Coinbase plans to… pic.twitter.com/5ARspOgDZy
— Brian Armstrong (@brian_armstrong) March 7, 2025
Coinbase Expands Hiring Amid Stock Dip
The hiring expansion comes despite a recent dip in Coinbase hiring expansion 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.
Two years ago, Coinbase took the opposite approach, laying off nearly 1,000 employees in January 2023 to cut operating costs by 25%. Armstrong reassured investors that the company remained well-capitalized at the time, emphasizing that “crypto isn’t going anywhere” despite market challenges.
Armstrong Highlights Trump’s Crypto Focus at WEF
Coinbase CEO Brian Armstrong recently 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 Trump’s plans for digital assets dominated conversations with significant market leaders. “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 pushes 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 and the leadership of Argentina’s President Javier Milei and El Salvador’s President Nayib Bukele, for embracing free markets as drivers of prosperity. Trump’s speculated plans include creating a strategic Bitcoin reserve, though his latest executive order hints at a broader vision.
Summary
Trump’s pro-crypto policies have fostered optimism in the crypto industry, as evidenced by Coinbase’s employment boom. CEO Armstrong maintains his confidence in the face of stock falls, pointing to economic growth and regulatory clarity. Coinbase, with its expanding personnel and Trump’s goal of making the United States the “crypto capital,” is well-positioned to succeed in a rapidly developing sector.
