"Whether the market is up or down, we see a clear opportunity, making Coinbase one of the most exciting places to work right now."
Coinbase has revealed that it plans to go on a hiring spree in 2022 and add 2,000 employees across its product, engineering and design teams.
In a blog post, the exchange said it needs more help to scale existing products and build new ones as part of its mission "to increase economic freedom in the world."
Chief people officer L. J. Brock said key priorities include enhancing the security, accessibility and usability offered by Coinbase Wallet — and rolling out new products that host "user-generated content like NFTs." He added:
"We see enormous product opportunities ahead for the future of Web3. We believe our industry is in its infancy and that building onramps for individuals to participate is critical to driving the next generation use case of crypto."
Amid fears that the crypto markets may be headed for a protracted winter — with Bitcoin currently trading 35% below all-time highs set in November — Brock added:
"Through the highs, we get to focus on scaling and many new people get introduced to crypto. During the lows, we get to focus on product innovation. Whether the market is up or down, we see a clear opportunity, making Coinbase one of the most exciting places to work right now."
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Coinbase's Culture
Brock explained that aspiring candidates need to be able to thrive in Coinbase's work environment — "where we prioritize clear communication, efficient execution, and continuous learning."
The exchange has been seeking to rehabilitate itself after a series of damaging stories emerged in 2020 — with a New York Times investigation featuring interviews from Black employees who claimed they had suffered discriminatory treatment while working there.
Coinbase CEO Brian Armstrong also courted controversy when he said he wanted the company to remain apolitical — even as the Black Lives Matter movement gained momentum. Dozens of employees who were uncomfortable with this policy ended up taking an exit package.
Last month, the exchange unveiled plans to give its workers "four weeks of coordinated recharge time" to prevent burnout — roughly one per quarter.
