Coinbase News: Expansion and Growth Amid Pro-Crypto Sentiment

Coinbase, one of the leading cryptocurrency exchanges, is expanding its workforce significantly amidst a positive regulatory environment for cryptocurrencies in the United States.

Coinbase to Hire 1,000 in the U.S. Due to Trump’s Crypto Support

Coinbase is planning to hire approximately 1,000 employees in the U.S. this year, according to CEO Brian Armstrong. He credits former President Donald Trump’s pro-crypto stance for the move. Armstrong also 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%.

Crypto Policy Changes Boost Self-Custody Solutions

A survey by Coinbase reveals that 56% of crypto users in the United States now know about self-custody solutions, with a 22% rise in non-custodial wallets since 2023. Researchers at the University of Illinois noted that self-custody wallets hold 35% of the total market supply, up from 25% in 2022. Despite decentralized finance (DeFi) attracting users seeking control over their tokens, centralized exchanges have faced breaches, leading to decreased trust.