Coinbase Global expands Singapore operations, plans to grow workforce to 200 by 2026

Published Jul 23, 02:00 PM UTC

Cryptocurrency exchange Coinbase Global (NASDAQ: COIN) is expanding its operations in Singapore, planning to increase its workforce there by one-third to approximately 200 employees by the end of 2026. The new hires will focus on engineering, customer service, relationship management, and institutional sales. The expansion is part of Coinbase's broader strategy to strengthen its presence in Asia, with the company calling Singapore 'one of the world's most trusted financial hubs.' This growth comes despite a 14% global staff reduction announced on May 5 as part of cost management efforts, with the company reorganizing teams around artificial intelligence capabilities. Coinbase sees strong long-term opportunities for crypto and stablecoins in Singapore and across Asia. COIN stock has declined 59% over the past 12 months, trading at $162.13 per share.