By Coinbase is a leading US cryptocurrency exchange. The company has managed to double its staff members in a mere 7 months, exceeding the initial target for 2018. Simultaneously, Coinbase CEO publicised their desire to become the NYSE for cryptocurrencies.
Coinbase, founded in 2012, is located in San Francisco. Coinbase is a cryptocurrency exchange. According to a report by the Business Insider, Coinbase has doubled its staff members from 250 to 500 people, despite the market for digital assets shedding billions. The company originally set a target of doubling their staff in 2018, however, they were able to meet the target in 7 months.
COINBASE GROWTH DESPITE A DIP IN THE CRYPTO MARKET
Contrarily, other exchanges have had difficulty maintaining their existing staff, whereby Kraven laid off 10% of their staff, amounting to 57 people, to cut costs.
Coinbase has opened new offices in Chicago, Portland, Tokyo and Dublin within the last year. 
Coinbase Inc., offers services including asset management, custody, brokerage, trade and other essential services required by the digital asset market. Coinbase has reportedly been looking into a crypto EFT to add to its services, in addition to a suite of products which have been added to enhance institutional investments.
According to data accumulated by CoinMarketCap, Coinbase’s exchange platform, Coinbase Pro, processes $138 million within a 24-hour cycle. This makes it the 15th biggest virtual currency exchange.
Coinbase has also announced that they intended on becoming a fully SEC-regulated broker-dealer. The SEC is the agency responsible to regulate the markets, with a central focus now shifting to cryptocurrency legalities. Coinbase wants the buying and selling of Bitcoin to be simple and streamlined, whilst upholding local laws and regulations.
Coinbase has also publicised their intention to expand to Japan, in an “effort to accelerate the global adoption of cryptocurrency”. In April 2017, Japan passed regulations which recognizes Bitcoin as a legal form of payment.
Coinbase’s customer service was criticised for being underprepared at the beginning of this year. Users of the cryptocurrency exchange managed to file a total of 134 pages worth of complaints with the SEC, indicating diverse concerns.
Coinbase retaliated to the critique, by informing the public, that the office that will be opened in Portland, Oregon, will be focused primarily on compliance, customer support, HR, and finance.
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