Coinbase Doubles Employees, Goals to Turn into the NYSE for Cryptocurrencies

Coinbase Doubles Staff, Aims to Become the NYSE for Cryptocurrencies

Main US cryptocurrency alternate Coinbase has reportedly managed to double its workers members, thus hitting its 2018 goal. On the identical time, the corporate revealed its intentions to grow to be the NYSE for cryptocurrencies.

500 Employees Staff

The San Francisco-based cryptocurrency alternate has doubled its workers members to 500 based on a report by Enterprise Insider.

Earlier this 12 months, Coinbase introduced its plans to grow to be a totally SEC-regulated broker-dealer. Moreover, the corporate added a set of merchandise which facilitate institutional investments and in addition revealed its intentions to broaden to Japan. Most lately, the cryptocurrency alternate introduced that it’s exploring a possible Bitcoin ETF.

It’s value noting that, earlier this 12 months, Coinbase’s customer support was met with a barrage of heavy criticism for being broadly underprepared. Customers of the cryptocurrency alternate managed to file a complete of 134 pages value of complaints with the SEC, stating a variety of various points. In response, the corporate introduced its plans to open a new workplace in Portland, Oregon, which will likely be centered primarily on compliance, buyer assist, HR, and finance.

Coinbase App Downloads Plummet Amid Bitcoin Price Decline

Severe Intentions

Talking on stage on the TechCrunch Disrupt Convention in San Francisco, the CEO of Coinbase, Brian Armstrong, stated that he envisions a future the place his firm capabilities because the New York Inventory Trade for cryptocurrencies.

He additionally holds that the long run will see plenty of firms which create their very personal tokens and the place Coinbase will operate as a bridge between cryptocurrencies and fiat.

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