Coinbase is looking to fill 350 open positions in a bid to meet its ambitions amidst growing regulatory pressure.
Despite mounting pressure from the Securities and Exchange Commission (SEC), Coinbase is still looking to grow and expand its services. To this end, the largest cryptocurrency exchange in the U.S. is looking to fill roles to help it meet its growing needs.
According to an August shareholders letter, Coinbase had recently added 450 new employees, bringing its headcount to 2,176 by the end of the second quarter.
Coinbase boosting communication and compliance
Understanding that some of the most important decisions affecting it will be made in Congress, Coinbase is seeking out lobbying expertise.
One listing for a communication specialist includes qualifications such as “excellent political judgment” and a strong policy network in Washington. Another is for a “United States Policy Communications Manager,” who is responsible for “media relations and strategic presence in critical policy debates within D.C. and key states across the country.”
In order to strengthen its position with regulators, Coinbase wants to augment its legal and compliance team by roughly two dozen people. Among the 24 legal and compliance jobs, Coinbase is looking for a “head of international compliance country governance and oversight” in London and is also seeking “global anti-bribery and corruption managers” in the U.K. and U.S.
Other listings include associate general counsel positions dealing with such legal issues as “data infrastructure, payments, risk, client onboarding, identity and trust, and safety.”
Other job listings
With the added volume the exchange has seen this year, the exchange has had to bolster its customer support, adding 60 listings in the “Customer Experience” category. Among the job listings are ones located in Dublin and remote work in the U.S. to handle “formal, regulatory and litigation complaints.” In July, the company said it had already increased its customer support staff fivefold since January.
Besides dealing with externalities, many of the job openings are for computer engineers and data scientists to focus on company developments. For instance, the company hopes to add hundreds of engineers out of India. Rather than just scaling up existing product offerings, CEO Brian Armstrong said he wants the company to have a reputation for being on the cutting edge of crypto.
The company is already establishing partnerships independent of its core service of being a trading platform. This past week, the U.S. Department of Homeland Security paid Coinbase $1.36 million to license its Analytics suite.