Coinbase to expand Singapore office headcount by 25%: Report
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Cryptocurrency exchange Coinbase plans to expand its Singapore office staff from 150 to about 200 employees by the end of 2026. This growth will focus on hiring more engineers, customer service personnel, relationship managers, and institutional sales representatives. The Singapore office, located at One Raffles Quay, was officially opened recently, as confirmed by Hassan Ahmed, Coinbase’s country director for Singapore, in an interview with the Business Times.
Ahmed described Singapore as an increasingly strategic hub for cryptocurrency innovation. Coinbase’s expansion is supported by its receipt of a major payment institution license from the Monetary Authority of Singapore (MAS) in October 2023. This license allows Coinbase to extend its cryptocurrency services to both individuals and institutional clients within Singapore.
Why it matters
Singapore’s regulatory environment includes a regime for licensing digital payment token service providers, overseen by MAS, which currently has 38 licensed entities. The MAS had tightened these licensing requirements in 2025, resulting in unlicensed firms exiting the market. While Coinbase did not provide a direct comment to Cointelegraph, these developments position the company to deepen its engagement in the Singapore cryptocurrency sector.