Coinbase Ranks 35th in LinkedIn’s “Top Companies 2019” as Sole Crypto Firm
Leading United States crypto exchange Coinbase was the only cryptocurrency business to be named in LinkedIn’s list of most popular companies of 2019, titled “Where the US Wants to Work Now,” which came out earlier today.
The annual list, which ranks companies popularity based on employee sentiment, ranked Coinbase at 35 out of the 50 companies to make the list.
As part of its calculus, LinkedIn ranks companies according to employee engagement by executives, demand for open jobs, general interest in the company, and employee retention rate. This last metric has particular importance for a firm like Coinbase. Within Silicon Valley, there is not only an enormous demand for top talent, but a culture of poaching employees from other companies to work on similar projects (see: the ongoing drama between Google’s new self-driving car initiative and Uber). Within the blockchain space, this culture can be even more magnified, since blockchain is such a young field, and there are so few true experts with years of experience.
Coinbase has made their way onto other similar LInkedIn lists, like the top 50 startups to work for, which was published last September. Cryptocurrency company Ripple and crypto exchange competitor Gemini also made the list.
But Coinbase’s placement on this year’s list was possibly made extra sweet by its spot nine places ahead of JPMorgan Chase, which came in at 44th. JPMorgan was perhaps the most skeptical of crypto of all the big banks before changing its tune and launching its own cryptocurrency and, reportedly, leading Wall Street in the race for blockchain talent.
More established tech companies Twitter and Intel also failed to beat out Coinbase’s ranking. For their part, Twitter seems to be generally pro crypto, with its successful Lightning Network “pass the torch” campaign, participated in by Twitter CEO Jack Dorsey, a noted crypto advocate; and Intel has begun exploring Bitcoin mining, going as far as to apply for a patent last year.