CEO Brian Armstrong visited Singapore in mid-September to engage with institutional clients and local regulators. The trip highlights the company's strategy to use Singapore as a primary hub for its expansion across the Asia-Pacific region.
During his visit, Armstrong held a roundtable discussion on September 14 with developers building on Base, the company's Ethereum Layer-2 network. He also appeared on Bloomberg Television around September 10 to discuss industry trends.
The exchange recently secured in-principle approval from the Monetary Authority of Singapore for a payments institution license. This regulatory milestone supports the company's focus on regional growth.
Coinbase currently employs approximately 150 people in its Singapore engineering office. The company plans to increase this headcount to 200 by the end of 2026, representing a growth of about 33%.
The expansion of the local team aims to support the development of advanced trading products. These tools are intended to provide the institutional-grade infrastructure required by hedge funds, family offices, and sovereign wealth funds.
