CEO Brian Armstrong visited Singapore to meet with developers building on Base, the Ethereum Layer-2 network launched by Coinbase in February 2023. The network has processed over 100 million transactions, serving as a key component of the company's strategy for automated financial agents.
Coinbase aims to expand its Singapore engineering office to approximately 200 employees by the end of 2026. The team focuses on developing advanced trading products, with recent leadership sessions centered on code quality and system scalability.
The Monetary Authority of Singapore granted Coinbase in-principle approval for a major payments institution licence. This regulatory milestone allows the company to provide digital payment token services, supporting products like the XSGD stablecoin and the Coinbase Business suite.
To promote its wallet and the Base ecosystem, Coinbase scheduled a live trading competition for October 8, 2026, with a prize pool of $150 000.
