Coinbase Expands Operations in Charlotte, Creating Over 130 Jobs

Coinbase, the largest U.S. crypto exchange, is set to expand in Charlotte, generating over 130 jobs primarily in compliance and customer support. The hiring initiative is part of a broader strategy to add 1,000 U.S. employees this year. Key to this expansion is Charlotte’s significant financial and tech talent pool. Regulatory scrutiny continues with a lawsuit by Oregon’s Attorney General regarding unregistered securities.

Coinbase, the largest cryptocurrency exchange in the United States, is expanding its operations in Charlotte, intending to create over 130 new jobs. According to L.J. Brock, Coinbase’s Chief People Officer, this hiring initiative is crucial as certain roles require presence in office settings to enhance customer security. Most employees typically work remotely but specific functions necessitate on-site attendance.

The exact location of the new office and the investment amount in the Charlotte expansion remains undisclosed. Brock highlighted the strategic choice of Charlotte, citing its rich blend of financial services and technological expertise, given that it is one of the foremost banking hubs in the nation.

The positions available at Coinbase focus primarily on compliance and customer support, with the hiring process expected to commence over the next six months. Hourly wages for these roles will range from $32 to $41, while salaried positions will offer between $96,000 and $117,000. This expansion aligns with Coinbase’s broader intention to add over 1,000 employees across the United States this year.

Globally, Coinbase employs more than 4,000 individuals with major hubs in San Francisco and New York City. In a recent policy shift, President Donald Trump has shown increasing support for cryptocurrencies, aiming to position the United States as the leading global cryptocurrency market.

Furthermore, in December, Trump appointed North Carolinian Bo Hines to collaborate with David Sacks, the White House A.I. & Crypto Czar. In February, the U.S. Securities and Exchange Commission ended civil enforcement actions against Coinbase related to the newly established Crypto Task Force dedicated to creating regulations for cryptocurrency assets.

In a controversial move, Oregon’s Attorney General Dan Rayfield filed a lawsuit against Coinbase in April for allegedly selling unregistered securities. He asserted that these financial products lack adequate consumer protections and are prone to risks such as fraud and market manipulation, urging states to step up enforcement where federal regulators are withdrawing.