Cryptocurrency exchange Coinbase Global Inc. (NASDAQ:COIN) plans to add about 2,000 employees this year as it sees “enormous product opportunities” ahead for the future of Web 3.0 technologies.
The company is expanding to include products that host user-generated content like non fungible tokens (NFTs) and also has “ambitious plans” for the Coinbase Wallet.
See Also: How To Buy Bitcoin (BTC)
Current Web 3.0 trends include NFTs and the Metaverse.
Coinbase has over two million people signed up for its highly anticipated NFT marketplace, it was reported last week.
The launch of the NFT marketplace would enable Coinbase to diversify itself from cryptocurrency-related revenue and enjoy commissions from the buying and selling of NFTs.
Price Action: Coinbase shares closed almost 0.4% higher in Monday’s regular trading session at $195.25 and further rose almost 0.5% in the after-hours session to $196.12.
Read Next: Crypto Lender BlockFi Intends To Offer First SEC Registered Crypto Interest-Bearing Security
Photo: Courtesy of Coinbase
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