Coinbase is expanding its operations to Dublin, Ireland in response to its rapidly growing user base in the European Union (EU). The company says that the number of Coinbase customers in the EU has outpaced any other market in 2017.
After considering several cities for its European expansion, Coinbase chose Dublin to complement its operations in London and to host new business functions. With a heavy focus on customer support, the company has currently posted several listings for personnel in Dublin.
Coinbase’s European strategy is to prepare for Brexit, when the UK intends to leave the European Union.
Martin Shanahan, CEO of IDA Ireland, the country’s inward investment agency, says the pool of young professionals from the technology and financial services sectors is a talent hotspot for companies like Coinbase, allowing fintech startups to scale.
The government is also welcoming Coinbase with open arms. Michael D’Arcy, the country’s Minister for Financial Services and Insurance says he’s “delighted that Coinbase is opening an office in Dublin.”
The company recently opened a new headquarters in New York where it plans to hire 100 employees.
With a presence in Tokyo as well, the Dublin facility, in addition to London, marks Coinbase’s third office abroad.
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