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Coinbase is accelerating its hiring efforts in the United States, with CEO Brian Armstrong attributing the expansion to former President Donald Trump’s pro-crypto stance.
In a video posted on X on March 7, Armstrong announced that the company 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 stated, 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 followed Armstrong’s attendance at 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 said.
Historic day at the Whitehouse Digital Asset Summit. Due to @POTUS’s leadership, including @DavidSacks, the U.S. now has a Strategic Bitcoin Reserve and increasing regulatory clarity.
This is directly translating to economic growth in the U.S. For example, Coinbase plans to… pic.twitter/5ARspOgDZy— Brian Armstrong (@brian_armstrong) March 7, 2025
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.
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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 workers 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
Recently, Coinbase CEO Brian Armstrong stated that U.S. President Donald Trump’s crypto agenda has become a central subject of debate 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 centered on what the Trump administration planned to do on crypto,” Armstrong stated.
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 USA 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 proposed plans is the creation of a Strategic Bitcoin Reserve, although his latest executive order hints at a broader vision.
The post Trump’s Crypto Help Drives Coinbase to Hire 1,000 in the U.S., Says CEO appeared first on Cryptonews.
