Coinbase

What Coinbase does

Coinbase sells crypto trading, custody and developer products to three customer groups named in its fiscal 2025 10-K: consumers, institutions and developers. Total revenue was about $7.18 billion in 2025, about 84% of it from US-domiciled customers and counterparties. The filing splits products into transaction products, such as consumer trading, and subscription products and other services, such as stablecoins and custody. In 2025 consumer trading added stocks, commodity futures, perpetual futures and prediction markets. Through Coinbase Prime, the company is custodian for several Bitcoin and Ethereum ETF issuers. Developers build on Base Chain and Coinbase Developer Platform. The 10-K names no headquarters and lists a New York address only for the SEC. Headcount was 4,951 on December 31, 2025.

Where Coinbase hires

Corporate offices in San Francisco and New York account for most of the company's operating leases, according to its fiscal 2025 10-K. The same filing says it leases offices in select major cities in the US and other countries, without a list or count, and that the vast majority of roles can be done remotely.

H-1B labor condition applications (LCAs) add detail. Of 184 filings submitted in calendar 2025, 33 list New York, NY, the only worksite with 25 or more. From September 2019 through June 2026, nine worksite cities reach that mark:

• San Francisco, CA: 242
• New York, NY: 101
• Seattle, WA: 65
• Bellevue, WA: 44
• San Jose, CA: 40
• Jersey City, NJ: 31
• Austin, TX: 29
• Redmond, WA: 28
• Brooklyn, NY: 27

Cities are counted as written on filings, so Brooklyn sits apart from New York.

Job titles and levels you will see

Software Engineer leads the 184 LCA filings submitted in calendar 2025, with 53. Senior Software Engineer follows with 32, then Engineering Manager and Staff Software Engineer with 11 each. Over all 1,099 filings from September 2019 through June 2026, the order holds: Software Engineer 248, Senior Software Engineer 209, Engineering Manager 53 and Staff Software Engineer 53. Senior Data Scientist is next with 26.

Engineering titles on these filings step from Software Engineer to Senior and Staff, with Senior Staff Software Engineer (3 filings) and Principal Software Engineer (2) rare. Product titles carry numbers: Product Manager II appears 17 times and Product Manager I 9 times over the same period. Variants such as Sr. Software Engineer are counted separately.

Workforce and hiring patterns

Headcount grew from 3,772 at the end of 2024 to 4,951 at the end of 2025, per Coinbase's annual reports. On May 5, 2026, the company said it would cut about 700 jobs, about 14% of its global workforce, and expected the cuts to be largely complete in the second quarter of 2026. Reported US severance was at least 16 weeks of base pay plus two weeks per year of service; reports named no affected locations.

LCA filings by submission year: 15 in 2019 (from September), 90 in 2020, 255 in 2021, 246 in 2022, 99 in 2023, 122 in 2024, 184 in 2025 and 88 in 2026 through June. These are applications, not approvals or headcount.

Good to know before you apply

• The 10-K says the vast majority of roles can be done remotely, with offices kept for collaboration. Ask the recruiter whether yours is tied to one.
• Pay is set against single, transparent targets for most roles, which the company says removes most negotiation. It runs an annual market review of pay.
• The vast majority of employees get one-year equity grants.
• The filing lists ten tenets, among them Clear communication, Act like an owner and Mission first. They are worth reading before an interview.
• For how this plays out day to day, read the discussions below.