Coinbase Expanding Operations with New Charlotte Office, Set to Employ Over 130 Workers
Revved-Up Coinbase Heads to Charlotte with a Major Hiring Spree
Crypto exchange powerhouse, Coinbase, is setting its sights on Charlotte, North Carolina, escalating its presence in the long-standing banking city.
With a robust hiring plan, Coinbase aims to recruit a whopping 130 employees in the region, predominantly for roles in compliance and customer support, as per a report by Axios.
This expansion is an extension of Coinbase's broader initiative, spearheaded by CEO Brian Armstrong, aiming to onboard a staggering 1,000 new US employees this year.
Crypto's Shining Moment
The strategy unfolds against a more favorable political landscape for cryptocurrencies, with ex-president Donald Trump claiming the title of "first crypto president."
Since adopting a remote-first strategy in 2020, Coinbase has maintained offices in San Francisco and New York for occasional in-person collaboration. However, Charlotte's combination of top-notch financial and tech talent, and lower operational costs, caught the attention of Coinbase's Chief People Officer, LJ Brock.
Brock expressed their commitment to the Charlotte market, stating, "There's a lot of opportunity to create more economic freedom through a better financial system." Despite a leaner, agile environment than traditional financial institutions, the new hires in Charlotte canexpect salaries ranging from $96,000 to $117,000 for full-time roles and hourly rates between $32 to $41.
Key players in North Carolina’s blockchain community praised the move, video Eric Porper, co-chair of the North Carolina Blockchain Initiative, stating "This kind of investment helps Charlotte grow not just as a fintech hub, but as a place where people can build meaningful careers."
The hiring process will unfold gradually over the next six months, with potential for further expansion in Charlotte if it proves successful.
A Bitcoin Bulldozer in the Altcoin Wilderness?
Meanwhile, Bitcoin consolidates its position, skyrocketing to become the fifth largest global asset after a monumental $94k breakthrough. While the altcoin market may never fully rebound, Bitcoin's dominance reaches its biggest since early 2021.
- In response to a more favorable political climate for cryptocurrencies, Coinbase, the crypto exchange giant, announced a major hiring spree, targeting Charlotte, North Carolina.
- Coinbase plans to recruit 130 employees in Charlotte, focusing on roles in compliance and customer support, as part of its broader initiative to hire 1,000 new US employees this year.
- The Chief People Officer of Coinbase, LJ Brock, expressed their commitment to Charlotte's market, stating that there's a lot of opportunity to create more economic freedom through a better financial system.
- Despite the leaner, agile environment compared to traditional financial institutions, the new hires in Charlotte can expect salaries ranging from $96,000 to $117,000 for full-time roles and hourly rates between $32 to $41.
- In the meantime, Bitcoin, the leading cryptocurrency, continues its dominance, breaking through $94k to become the fifth largest global asset.
- While the altcoin market may never fully rebound, Bitcoin's dominance reaches its biggest since early 2021.
- The Binance cryptocurrency exchange, on the other hand, has announced an ICO for its native coin, Binance Coin, on the decentralized exchange (DEX) platform, Tron.
- As Coinbase expands its workforce, adding to its current base of 3,500 employees, San-based tech giants are also looking to tap into the talent pool, announcing new hires and investments in blockchain technology.
