Crypto Exchange Coinbase Opens Office In Irelandbr>
Cryptocurrency exchange Coinbase has opened a new office in Dublin, Ireland in response to customer growth in the European Union.
Coinbase said in a blog post that the new Dublin office will help the company tap into the city’s diverse talent pool and long-standing support for technological innovation. Coinbase’s Dublin team will compliment its operations in London and host a variety of new business-related functions.
“To begin with we’re housing a significant support team there,” said Coinbase’s UK CEO Zeeshan Feroz, “And we’re looking to capitalize on the talent pool that’s available to us in Ireland and hire other folks.”
Feroz added that the office would enable Coinbase to serve its customers in the EU when the UK leaves the trading bloc in March next year.
“It is also a plan B for Brexit,” Feroz said. “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.”
Martin Shanahan, CEO of IDA Ireland, the country’s inward investment agency, said that Dublin is a talent hotspot for companies like Coinbase as they scale and internationalize critical businesses operations.
“We look 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,” Shanahan said.
The news came after Coinbase opened an office in New York, which caters specifically to institutional crypto investors. The office plans to rapidly expand to a staff of 150 by next year.