Coinbase CEO Brian Armstrong revealed that artificial intelligence is now responsible for generating more than 40% of the exchange’s codebase — and he expects that figure to hit 50% within weeks.
In a post on X this Wednesday, Armstrong stressed that while AI-generated code still requires thorough review, the company is determined to leverage the technology wherever it makes sense. “We should be using it responsibly as much as we possibly can,” he wrote.
Data shared by Armstrong shows that the use of AI in Coinbase’s coding efforts has more than doubled since April.
The update follows Coinbase’s recent pledge to transform its workforce into “AI-Natives,” signaling that the company intends to enhance its staff with AI tools rather than replace a large portion of its 4,200 employees.
The AI debate
The growing adoption of AI across industries has fueled speculation about job displacement. Some analysts have even issued extreme predictions, such as one cited by the New York Post, claiming AI-driven unemployment could shrink the global population to just 100 million by the year 2300.
But many experts — including David Sacks, the White House’s crypto and AI advisor, as well as researchers at PwC — have pushed back, arguing that AI is more likely to amplify productivity than wipe out jobs entirely.
Coinbase appears to support this more optimistic outlook. Its engineering teams now rely heavily on AI-powered tools like GitHub Copilot, Claude Code, and Cursor, which Armstrong says have enabled single developers to rebuild or upgrade entire codebases in days rather than months.
On a recent appearance on John Collison’s Cheeky Pint podcast, Armstrong explained that engineers unwilling to integrate AI into their daily work were quickly let go after he issued a Slack mandate requiring its adoption.
Hiring continues despite AI growth
Despite its aggressive AI push, Coinbase is still actively expanding its workforce. The exchange lists around 350 open positions, nearly half of which are in engineering and development. Of these, 93 are back-end roles that directly reference AI.
The largest category outside of technical roles is customer experience, with 56 open positions.
AI reshaping crypto hiring trends
While mass layoffs in crypto have slowed since the industry’s 2022 downturn, hiring has also cooled significantly. Recruiters say the shift in talent flow is largely due to AI attracting developers and venture capital away from blockchain.
“Developers and entrepreneurs follow the money and excitement, and right now AI is soaking up both,” said CryptoJobsList founder Raman Shalupau and researcher Stefi Kiemeney.
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