Ireland Becomes the New Home of Coinbase Crypto Company Office

Coinbase to Open New Crypto Office in Dublin, Ireland

Coinbase has made the decision to open a new office for their company, and this facility will be located in the capital of Ireland.

Tina Bhatnagar, the vice president of operations and technology, made the announcement, after seeing the way that their customer base had grown in the EU. One of the biggest reasons for Coinbase making this move is also to benefit the European Union, acting as a backstop against the potential for the UK to exit it, which is known as Brexit.

This new startup could be valued at up to $8 million by the time the funding round is over. Coinbase announced the decision on Twitter, saying:

Coinbase reviewed all 28 countries in the EU before they settled with Ireland.

Zeeshan Feroz, who heads up the Coinbase sector in the U.K., said, “It is also a plan B for Brexit. As we plan for all eventualities, it's important that we continue servicing our customers across Europe, and Ireland would be our preferred choice there if it comes to it.”

The CEO of the IDA Ireland, which is an inward investment agency, commented that Coinbase would get support from Dublin, due to its role as “a talent hotspot.” He went on, saying that the entity

“looks forward to welcoming Coinbase into the Irish economy, and helping them access our talented pool of young professionals from the technology and financial services sectors.”

Only a few weeks ago, the exchange established an office in New York for institutional investors to have better access to the platform. Hopefully, the office will be able to bring in the 100 employees that they aim to hire in the next 12 months.

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Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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