Coinbase Finally Opens Office In Ireland – Details
Coinbase Ireland – Cryptocurrency exchange Coinbase has opened a new office in Dublin, Ireland. The exchange recently expanded to Ireland as an effort seen as planning for Brexit,” according to a Coinbase executive.
In an announcement on Monday, Coinbase, the industry’s first ‘unicorn’ – said Dublin “was the clear choice” in its ongoing expansion effort. The new office in Dublin will compliment Coinbase’s existing operations in London, the base for its EU operations.
Ireland’s minister for financial services and insurance Michael D’Arcy said:
“I am delighted that Coinbase is opening an office in Dublin. This decision highlights the completive offering and attractiveness of Ireland for financial services.”
Pointedly, Coinbase adds it ‘explored a variety of cities across the EU’ to earmark potential outposts across European nations at a time when Britain’s exit from the European bloc looms large. The contingency plan is particularly relevant as European Union users of Coinbase “grew faster than any other market in 2017,” according to the company.
Zeeshan Feroz, Coinbase UK chief executive told Reuters:
“It ticks a lot of boxes – ranging from giving us a contingency, helping us plan for all eventualities for Brexit and engaging with Europe through another base.”