Coinbase, the world’s largest and most trusted cryptocurrency exchange, is announcing that it is opening its second European office in Dublin. Europe is an important region for the US crypto exchange and was its fastest growing market in 2017 and continues to be so in 2018. The Dublin team will complement the operations of the London office (set up in 2017), which will remain the company’s European headquarters. The Dublin office will host a variety of new business-related functions, including roles spanning customer support, compliance and other positions.
The new office is also part of Coinbase’s planning for all eventualities for Brexit. Crypto remains unregulated in the UK and Ireland; however, some crypto exchanges have been granted more traditional licences from regulators for their fiat operations.
Zeeshan Feroz, UK CEO of Coinbase, said: “Our Dublin office signals Coinbase’s growing presence in Europe and will complement the operations of our London hub, which will remain our European headquarters. When considering the location of our second European office, Dublin was the clear choice – it’s an English-speaking EU member state that boasts a diverse talent pool, entrepreneurial spirit, and long-standing support for technological innovation.”
“Dublin is a talent hotspot for companies like Coinbase as they scale and internationalise critical businesses operations,” said Martin Shanahan, CEO of IDA Ireland. “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.”
Minister of State at the Department of Finance with special responsibility for financial services and insurance Michael D’Arcy T.D. stated “I am delighted that Coinbase is opening an office in Dublin. This decision highlights the competitive offering and attractiveness of Ireland for financial services.”