Coinbase Starts A Hiring Spree Within Its Japan Arm

Coinbase, of the largest crypto exchanges out there, has started to make an aggressive hiring campaign in Japan. This comes several years after the exchange stated that it had made plans to launch its services within the country at large.

Pushing Into Tokyo Offices

In a tweet sent out by Brian Armstrong, Coinbase revealed that it now holds a number of open roles for its Japanese arm, asking others to put forward respective candidates for the potential positions. As one would imagine, the tweet was barraged by people stating that they’re more than up for the job.

https://twitter.com/brian_armstrong/status/1324095664351895552

The tweet itself linked to the website of the company, showing various roles up for grabs for Coinbase’s Japan venture. It seems that its office is situated in the city of Tokyo, and the company is seeking people for data, IT, legal, finance, and accounting, as well as marketing and communications. Furthermore, positions are open for international expansion as well as customer experience.

Planning Japan Expansion Since 2016

It was back in March of 2020 when Coinbase had joined the self-regulatory organization of Japan’s crypto firms: The Japan Virtual Currency Exchange Association (JVCEA). Coinbase joined the organization as a second-class member, with the organization itself has already received approval by Japan’s financial regulator, the Financial Services Agency (FSA).

Coinbase, based in the city of San Francisco, US, has been eyeing Japan’s market for some time now, planning for it as early as 2016, when it received $10.5 million in investments from a group that included Mitsubishi UFJ Capital and Bank of Tokyo Mitsubishi UFJ. The exchange already boasts an entity within the country as well, with a chief executive having been named back in mid-2018.

A New Opportunity Looming

The company has been eying the mandatory operating license needed to do business in Japan for some time, and had shown confidence that the FSA would grant it in 2019. However, this has yet to happen, with the watchdog’s website refraining from showing anything worthwhile

As it stands now, Coinbase has been asked to give comment about the matter, but has declined to do so. At press time. Whether it be because they simply didn’t get to it, or explicitly opted not to give comment is unclear.

Japan stands as a hub for cryptocurrencies, although one that has a mired pass of massive hacks. As the country tries to innovate and step away from its past, it’s clear that other exchanges are taking notice. Japan will likely become a new hotspot for crypto trading as the country creates a stable regulatory environment.