Coinbase has its Brexit plan ready as it opens a new office in Dublin, Ireland in order to tap into its talent pool and make sure they keep on serving its customers in EU, should the UK leave.
Coinbase opens new office in Dublin, Ireland
US-based Coinbase has opened a new office in Dublin, Ireland that will allow the crypto exchange to tap into the “burgeoning cryptocurrency economy,” its talent pool, and support for technological innovation.
The official announcement states, last year the number of Coinbase customers in the European Union (EU) grew faster than any other market. Martin Shanahan, CEO of IDA Ireland, the inward investment agency of the country stated,
“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.”
While Michael D’Arcy T.D., the Minister of Financial Services and Insurance in Ireland shared,
“I am delighted that Coinbase is opening an office in Dublin. This decision highlights the competitive offering and attractiveness of Ireland for financial services.”
The idea is to capitalize on the talent pool of the country as per the CEO of Coinbase’s UK office Zeeshan Feroz who further shared the Irish office would allow Coinbase to keep on serving its EU customers should the UK leave,
“It is also a plan B for Brexit. 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.”
Coinbase is constantly expanding its geographical presence and the products it is offering. Given the fact that Wall Street giants are entering the crypto market, it would work in solidifying Coinbase’s position into crypto space.