Bitcoin is trading at all-time highs and its bull move since October has been sizzling.
Coinbase, the largest broker and custodian for cryptocurrencies in the United States, recently filed for an IPO (Initial Public Offering) which will make it the only pure-play way for investors to get exposure to this asset class via public markets.
Assuming bitcoin and other cryptocurrencies do not suddenly nose dive – which is certainly no guarantee with this volatile market – the Coinbase offering should be one of next year’s hottest deals.
But will 2021 also be the year that Coinbase comes to Vancouver?
Earlier this month the San Francisco-based digital currency exchange announced it will open a Canadian office in the new year and has begun hiring, starting with technical and recruiting roles. Grant D’Arcy, Coinbase’s VP of People Strategy & Talent made the announcement on Coinbase’s blog.
“Canada has long been known as a hub for innovation and its high-quality workforce, and more recently for its crypto talent. We are hiring technical and recruiting roles immediately and will expand to more functions soon,” wrote D’Arcy.
Coinbase anticipates opening a physical office for Canadian employees later in 2021, as COVID-related conditions allow.
In the meantime, Coinbase has further committed to being a remote-first company, which means that new hires in Canada and elsewhere will have the option to work anywhere in their country of hire.