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Coinbase Opens Up New Office, Aims To Hire 100 Employees In Expansion Efforts

Coinbase Portland Office To Hire 100 Employees

Coinbase has just confirmed that it plans to open a new office in Portland, hiring 100 employees to fill the new office space. According to a Medium blog post by Tina Bhatnagar, VP of Operations and Tech at the exchange, the company’s team explored a multitude of U.S. cities, looking for the best fit for the company.

The blog post stated:

We were inspired by Portland’s incredibly talented, innovative open-source and blockchain communities. We also appreciate the city’s commitment to providing equal opportunities for all, as it mirrors our values at Coinbase.

The aforementioned post noted that cryptocurrency and blockchain talent is not only located in Silicon Valley, with talented individuals existing all across the world. Coinbase then found it logical to open up another office in the U.S, where a large portion of Coinbase’s customers reside. 

Coinbase has signed a 7-year lease with the office landlords, who permitted the upcoming renovations for the office space, making it more inviting for an innovative FinTech company. 

The new Portland office is expected to hire up to 100 people, helping to support the Portland economy. This new space will support a variety of roles and purposes, hosting “a variety of business-related functions,” along with facilitating customer support, finance, compliance and IT work.

Expansion Efforts After 2017’s Bullrun

As seen by recent documents obtained from the SEC, Coinbase has been having growing problems, as its user base has grown exponentially over the past 12 months.

At Bitcoin’s peak, Coinbase hit the top of the Apple and Google Play app stores, reaching millions upon millions of downloads from worldwide users. This new office, along with other expansion efforts, like the recent foray into the Japanese market, are slated to help the exchange facilitate the large influx in the interest of Coinbase’s services.

Bhatnagar noted that the exchange has been rapidly expanding its customer support team, due to the over 4000% growth of consumer demand for the platform seen in 2017. The career page on the exchange’s website made it clear that the Portland office will have a focus on customer support, planning to hire multiple employees for “customer support operations.”

Tina Bhatnagar closed off her post, saying:

We’re excited to find people who are excited about the future of cryptocurrency, and who want to help Coinbase achieve its mission of creating a more equitable and open financial system for the world. That’s why we’re eager to expand to cities like Portland, where best-in-class talent from across the community will be critical to our important mission.

Coinbase quickly became the talk of the town last year, as it quickly grew to a valuation of over $7.8 billion U.S, unmatched in the cryptocurrency industry. Mainstream media, attempting to capitalize on the growing cryptocurrency market, quickly began to take note of the company, bringing news regarding the company to the forefront of the public consciousness.

This helped to quickly grow the exchange, with Coinbase reportedly having over 12 million accounts, far above the levels seen with traditional institutions, like Charles Schwab. Although the cryptocurrency market has recently declined, many hope for the success of Coinbase, as the success of the exchange means the success of the market overall.

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Bitcoin Business Grows: Want A Job In Crypto? Look no further

A whole new horizon of opportunities is opening for those who are interested in technology, especially blockchain and cryptocurrency. It seems, a high demand is being created for people who want to work in crypto-related works.

The CEO of Freelancer.com, Mat Barrie announced today that the crypto jobs are the most rapidly booming category on the site. Data shows that the work related to cryptocurrency is skyrocketing with people asking for freelancers to design and create new types of cryptocurrencies.

The reason behind this Boom is mostly the race of creating new and improved ICO’s. Whilst the industry it’s still in its early ages it is expected to grow exponentially in the years ahead. Students have already started to flock the cryptocurrency courses with 1 million of them already signed up for Stanford University professor Dan Boneh’s Coursera cryptography course. Many of these students will continue to create innovative products and services once they’ve got the gist of crypto.

Cryptoanalyst.com has combined a few helpful sites where anyone could watch out for interesting crypto-related roles: