With an eye on Brexit uncertainty, cryptocurrency exchange Coinbase is setting up shop in Dublin.
Coinbase, in a company blog post, announced it is expanding its European presence with a new Dublin office and it is seen the company’s ‘second European office’ in preparation for a possible no deal Brexit.
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It said the Dublin expansion would ensure Coinbase is viewed as a trusted and easy-to-use cryptocurrency platform in Europe.
“The number of Coinbase customers in the European Union (EU) grew faster than any other market in 2017,” the Cryptocurrency exchange group said.
“As we scale, we need to attract the best, most qualified and passionate talent to help us achieve our mission of creating an open financial system for the world.”
“We explored a variety of cities across the EU, and Dublin was the clear choice. Our new office will help us tap into the city’s diverse talent pool and long-standing support for technological innovation, including a burgeoning cryptocurrency economy.”
Zeeshan Feroz, Coinbase UK chief executive, 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.”