Coinbase, one of the biggest crypto exchanges in the world, is allegedly looking to take on board more than 100 new employees to work at their New York office, which was recently opened. This looks like an attempt to strengthen their connection with Wall Street investors.
Allegedly the NYC office, with a work staff of 20 people, is planning to raise that number to 150 by 2019. It is expected that a majority of these employees will migrate from the traditional financial sphere.
The general manager of Coinbase, has stated that investors have not lost faith or interest in digital assets, despite the state of the market over the last few months.
“When we saw the market begin to correct, which we all expected, institutions didn’t lose interest. It was exactly the opposite. They look at it as an opportunity to enter when things are not too frothy.”
This news arrives when the number of Coinbase employees has doubled from 250 to 500. Despite the market’s low and the poor trading situation, the work staff was increased much quicker than anticipated.
WHY IS THIS IMPORTANT?
- The expanse of Coinbase indicates that the company is doing well, despite the temporary decline of the crypto market.
- It could be that Coinbase will ultimately become an even more international company, meaning that more people and regions will have access to the leading crypto exchange, like South America and Asia.