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Singapore, July 23, 2026 – Coinbase, the largest U.S. cryptocurrency exchange, has unveiled a new 10,000 square foot office at One Raffles Quay in Singapore, underscoring its confidence in the city state as a global hub for digital assets.
The move signals a long term commitment to Southeast Asia even as the company trims staff elsewhere.
The Singapore office replaces Coinbase’s previous co working space at Collyer Quay and will serve as a base for expanded operations.
Hassan Ahmed, Coinbase’s country director for Singapore, said the new facility reflects the firm’s belief in Singapore’s role as a leading financial and digital asset center.
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“We are investing in Singapore because of its clear regulations, strong talent pool, and position as a gateway to Asia,” Ahmed noted.
Coinbase currently employs about 150 people in Singapore and plans to increase headcount to 200 by the end of 2026.
The hiring push will focus on customer service, engineering, compliance, and sales.
This expansion stands in contrast to the company’s global workforce reduction announced in May, when Coinbase cut 14 percent of staff worldwide to streamline costs and pivot toward AI driven skills.
Singapore has become a critical market for Coinbase thanks to its regulatory clarity.
In October 2022, the Monetary Authority of Singapore granted the exchange in‑principle approval to operate, followed by a full major payment institution licence in October 2023 under the Payment Services Act.
This licence allows Coinbase to provide retail trading, staking services, and list stablecoins such as XSGD, which is pegged to the Singapore dollar and backed by reserves at DBS Bank and Standard Chartered.
The new office also positions Coinbase to deepen engagement with regulators, policymakers, and ecosystem partners.
Singapore’s government has actively promoted responsible innovation in digital finance, making it an attractive base for global firms seeking legitimacy and scale.
Globally, Coinbase employs around 4,000 people.
The decision to expand in Singapore while cutting jobs elsewhere highlights the company’s strategy of concentrating resources in markets with strong regulatory frameworks and growth potential.
Analysts say the move reflects a balancing act Coinbase must manage costs amid volatile crypto markets while ensuring it does not miss opportunities in Asia, where adoption of digital assets continues to rise.
Still, challenges remain. Crypto markets remain highly volatile, and regulators worldwide are tightening oversight of exchanges.
Coinbase’s ability to grow in Singapore will depend on maintaining compliance while offering services that appeal to both retail and institutional investors.
For now, the company’s bet on Singapore underscores its long term confidence in the city state’s role as a hub for digital finance.
By expanding its footprint and workforce, Coinbase is positioning itself to capture rising demand for regulated digital asset services in Asia Pacific, even as it navigates global uncertainty.
