How Coinsquare Built a World-Class Team of 50 in Crypto's Early Days

When your industry doesn't exist yet, you can't hire like everyone else. Coinsquare needed to build a team of 50 in crypto's early days - when crypto was fringe, misunderstood, and most candidates said no. This is how we found the believers who said yes.

Cole Diamond CEO at Coinsquare
Grew from 10 to 50 employees
The Situation

Building a Team When No One Believes in Your Industry

Coinsquare needed people who could see the future before it was obvious. People with conviction, curiosity, and risk tolerance. People who wanted to help build something new – not join something already established.

The Problem

3 Critical Hiring Challenges

Hiring in crypto during the early days was a tough sell. Coinsquare faced obstacles most startups never see.

No glossy office tours. No name recognition. No mainstream legitimacy. Just a vision and founders who believed.

Most candidates looked at crypto with doubt. “Is this even legal?” “Will this exist in a year?” Only a small percentage were comfortable being early adopters in a new frontier.

At 1-50 employees, every hire defines your culture, your execution capability, and your trajectory. There was no room for people who needed structure and certainty.

Bottom line: They couldn’t sell security. They had to sell possibility. And they needed people who got that.

Our Approach

Finding Believers, Not Job Seekers

We built a recruiting strategy for what Coinsquare actually was – a high-risk, high-reward opportunity for people who wanted to build the future.

01

Filter for mindset, not just skills

We led with vision, not salary. We filtered for belief in the mission, bias for action, adaptability, and ownership. These weren’t employees. They were early builders.

02

Find people who run toward chaos

We targeted candidates who thrived in ambiguity – people excited by emerging sectors, comfortable with uncertainty, and energized by the chance to create rather than maintain.

03

Focus on mission-driven talent

We found people driven by possibility instead of security. People who wanted to be part of something before it was obvious. People who would say yes to the vision, not just the job description.

Our Recruiting Process

From Founding Team to 50 People

Early stage (1-10 employees)
Deep network activation to find crypto-curious talent who understood the sector and believed in the mission. Every hire was a culture-defining decision.

Growth phase (10-30 employees)
Built on the strength of early hires to attract more top talent. Strong hires create more strong hires. Talent attracts talent.

Scale phase (30-50 employees)
Established recruiting processes while maintaining the same bar for mission alignment, adaptability, and ownership. Quality never wavered.

Throughout
Every candidate conversation was about trajectory, not security. We sold the opportunity to shape an industry, not a stable paycheck.

The Results

A Foundational Team That Defined Coinsquare's Success

Grew from 1 to 50 employees

Not just 50 bodies. 50 high-conviction, high-performing people who became foundational pillars for culture, engineering, operations, product, and growth.

Strong team = competitive advantage

The quality of this initial team helped Coinsquare move quickly, innovate ahead of the market, establish credibility, compete for investor attention, and build trust with customers.

Culture that scaled

Many early hires became leaders who shaped Coinsquare’s culture and execution for years. They didn’t just fill roles – they built the company.

Talent attracted more talent

As the team got stronger, recruiting got easier. Top performers want to work with other top performers. The early team became Coinsquare’s best recruiting asset.

The Takeaway

Early hiring is about who thrives in chaos and drives growth.

When you’re 1-50 employees:

  • Every single hire has massive cultural and performance impact
  • You can’t sell security – you have to sell trajectory and meaning
  • You need people who run toward chaos and opportunity, not structure and certainty
  • Mission-driven talent will outperform credential-driven talent every time

You don’t need the best resume. You need believers.

That’s who we find. That’s why founder-led companies building something new keep coming back.

Testimonials

See What Other Clients Are Saying