Coinbase Shores Up Top Talent During Bitcoin Slump With Former Manager From Amazon
Coinbase has hired Tim Wagner as the new Vice President of Engineering. Wagner joins Coinbase from Amazon Web Services (AWS) where he spent over five years as the general manager for AWS Lambda, Amazon API Gateway and AWS Serverless App Repository. Prior to AWS, Wagner spent six years at Microsoft.
Wagner will be in charge of hiring engineers in San Francisco, New York and Chicago.
In San Francisco alone, Coinbase lists 27 open engineering positions, including director of engineering for infrastructure, engineering manager for systems infrastructure, infrastructure engineer and a senior Android engineer.
Crypto pioneers claim they can take advantage of Bitcoin’s slump and the delay of institutional investment money via a Bitcoin ETF by fortifying critical infrastructure, onboarding new team members and recalibrating operational strategies.
Despite another major downturn in the cryptocurrency markets, Coinbase is doubling down on efforts to expand, promising new listings and more robust infrastructure.
In Monday’s new-hire announcement, Coinbase CEO Brian Armstrong said,
“Through this period of rapid growth, we are more focused than ever on meeting the increasing needs of individuals, institutions and businesses while continually advancing the frontiers of cryptocurrency. At the same time, we’re creating the infrastructure that will allow us to add more assets to our platform and accelerate the adoption of crypto around the world.”
Coinbase offers its employees a number of incentives including Bitcoin as a payment option, flexible hours and vacation time, commuter benefits, fertility benefits and an individual learning and development budget of $1,500 annually. The company also offers 12 weeks of maternity/paternity leave.