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Coinbase launches Singapore engineering hub, adds staff to 70 locals and plans further hires, boosting its APAC presence and local crypto services.
Coinbase announced the opening of an Engineering Hub in Singapore, immediately increasing its local workforce to 70 and signalling a broader push to grow its APAC footprint as the city‑state deepens its crypto ecosystem.
| At a glance | |
|---|---|
| Office | Engineering Hub opened in Singapore |
| Local staff | 70 employees (up from previous count) |
| Hiring plan | Further expansion of Singapore team |
| Catalyst | Partnership with Singapore Economic Development Board |
Coinbase’s new Engineering Hub, created in partnership with the Singapore Economic Development Board, is designed to nurture local blockchain talent and accelerate on‑chain product development. The hub joins a suite of APAC initiatives that already see the exchange employing more than 600 staff across the region. Coinbase’s country director for Singapore, Hassan Ahmed, framed the move as part of the company’s “international expansion strategy,” echoing similar services recently launched, such as fee‑free local bank transfers via Standard Chartered【3】.
Singapore has positioned itself as a hub for responsible blockchain innovation, with regulators like the Monetary Authority of Singapore (MAS) granting in‑principle approval for Coinbase to offer payment services. The city‑state’s Smart Nation 2.0 agenda emphasizes digital upskilling, aligning with Coinbase’s goal to build a future‑ready workforce. While rivals Crypto.com and Gemini already provide local bank transfers, Coinbase’s engineering hub adds a deeper layer of developer support, potentially attracting more crypto projects to the region.
Coinbase’s Singapore hub underscores the exchange’s commitment to embedding itself in a market that balances regulatory clarity with strong demand for blockchain talent, setting the stage for further APAC growth.
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The new office is 10,000 square feet and is located at One Raffles Quay in Singapore.
Coinbase aims to have about 200 employees in Singapore by the end of 2026, up from around 150 currently.
The stock rise is attributed to a more favorable U.S. regulatory outlook and higher Bitcoin prices, according to market commentary.
Coinbase received a full major payment institution licence under Singapore’s Payment Services Act in October 2023.
Analysts caution that Coinbase must prove that improved market sentiment can translate into sustained revenue growth rather than just short‑term stock rallies.