Coinbase News: Cryptocurrency Exchange to Hire 1,000 New US Workers Due to Trump’s Pro-Crypto Policy Shift

In a positive development for the cryptocurrency industry, Coinbase, the largest crypto exchange in the United States, has announced plans to hire 1,000 new workers in the country. This decision comes amidst a shift in the country’s policy towards cryptocurrencies, which has been pro-actively promoted by President Donald Trump.

Coinbase to Hire 1,000 US Workers Amid Trump’s Pro-Crypto Policy Shift

Coinbase, the most well-known cryptocurrency exchange in the United States, announced that it will hire 1,000 new US workers following the country’s continued pro-crypto policy shift under President Donald Trump. The platform’s CEO, Brian Armstrong, made the announcement in a post, stating that Trump “breathed life back” into the cryptocurrency industry. Since his return to the White House, the president has prioritized the asset class and introduced the nation’s first Bitcoin reserve plan.

Coinbase to Launch 24/7 Bitcoin and Ethereum Futures Trading in the US

Coinbase Derivatives LLC has confirmed that it will launch 24/7 Bitcoin and Ethereum futures trading in the United States. This change will allow traders to open, manage, and close futures positions at any time, similar to international markets. Derivatives trading dominates the global crypto market, accounting for 75% of total trading volume, but most of this activity occurs outside the US. US traders have been unable to react in real-time to price swings when traditional markets are closed. Coinbase cited demand from crypto-native US clients for unrestricted access to futures markets as the driving force behind this decision. The company plans to make regulated futures trading more transparent, competitive, and accessible.