Coinbase has announced its expansion into Charlotte, North Carolina, with plans to hire over 130 employees.
A company spokesperson confirmed the move, emphasizing Charlotte’s growing importance as a fintech and compliance hub.
The new hires will fill compliance and customer support roles over the next six months. Coinbase’s spokesperson noted that Charlotte’s emergence as a key financial and tech center was a significant factor in the decision. According to the company, the city’s fast-growing population and skilled talent pool make it an ideal location to support Coinbase’s long-term growth.
Coinbase has operated as a remote-first company since 2020, with existing offices in San Francisco and New York. While the company remains remote-first, some roles require an in-office presence to better serve customers. Approximately 95% of Coinbase employees have the option to work remotely, in an office, or a hybrid of both.
The expansion aligns with Coinbase CEO Brian Armstrong’s announcement of plans to hire approximately 1,000 new employees in the United States this year. In a video posted to X on March 7, Armstrong credited favourable regulatory signals from President Donald Trump’s pro-crypto administration as a driving force behind the hiring initiative.
According to data from Stockanalysis, adding 1,000 employees would increase Coinbase’s total workforce by about 27%. The company currently employs 3,772 people. Despite Armstrong’s comments, the Coinbase spokesperson clarified that the Charlotte expansion is primarily motivated by the region’s talent pool, rather than recent regulatory developments.
Coinbase has also confirmed it is considering applying for a U.S. federal bank charter. A representative informed Cointelegraph that the company is actively considering pursuing a US federal bank charter, but no formal decisions have been made yet.
Meanwhile, Coinbase Derivatives has initiated trading in CFTC-regulated XRP futures contracts, offering both nano and standard-sized agreements for US investors. This move provides a new avenue for institutional and retail traders to gain exposure to XRP through futures, which allow leveraged trading without direct ownership. The launch occurs amid growing institutional interest in XRP, evidenced by filings for XRP-linked ETFs from other prominent asset managers and the approval of a leveraged XRP ETF.
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