Coinbase opened a Dublin office today, expanding its European footprint beyond London as EU customer demand grew faster than other markets last year. The San Francisco exchange secured a presence in a
Coinbase opened a Dublin office today, expanding its European footprint beyond London as EU customer demand grew faster than other markets last year. The San Francisco exchange secured a presence in an English-speaking EU member state, potentially insulating the company from Brexit disruptions.
Zeeshan Feroz, Coinbase's U.K. CEO, described Dublin as "the clear choice" for the second European office. "It's an English-speaking EU member state that boasts a diverse talent pool, entrepreneurial spirit, and long-standing support for technological innovation," he said. London remains the European headquarters.
Coinbase's EU client base grew faster than any other market last year, forcing the company to recruit engineers and finance professionals. Feroz said the company needed "the best, most qualified and passionate talent" to deliver an open financial system.
Martin Shanahan runs IDA Ireland, the country's inward investment agency. "Dublin is a talent hotspot for companies like Coinbase as they scale and internationalise critical businesses operations," he said. "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."
The Dublin expansion caps a sprint through major markets. Coinbase announced a Japan office in June to serve local investors, and rolled out three institutional products in May: Coinbase Custody, Coinbase Markets, and Coinbase Prime. The exchange operates Coinbase Pro for individual traders, which replaced the earlier GDAX platform.
Founded in 2012, Coinbase trades five cryptocurrencies across 33 countries: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ethereum Classic. The company added Ox (ZRX) trading earlier this month.
