One of the largest cryptocurrency exchanges in the US, Coinbase, is following an aggressive EU expansion policy. The exchange recently entered the UK market and enabled GBP payments for its customers. Its next step into Europe will be in the Irish heartland of Dublin, where the company will establish a new office to complement its London-based operations.
Rising User Base in Europe
In a recent blog post, Coinbase announced that its EU customer base grew faster than any other market in 2017. The company wants to be able to work better for these users and scale into other regions of the world. The journey, as is evident, begins with the EU. The company’s first step into Europe was through the UK. The London offices of the company worked to bring more British customers to the fold. Now Coinbase Dublin office will further enhance the exchange’s presence in the continent.
The exchange said that it needs to add the most passionate and qualified talent to its team to help create an open financial system. It also suggests that Dublin was a clear choice for the second European office as the city has a diverse talent pool and adequate support for innovation in technology, not to mention a thriving crypto community. The team at Dublin will assist the London offices and work on a wide variety of new business-related functions.
Coinbase Receives a Warm Welcome
Martin Shanahan, CEO of inward investment agency IDA Ireland, talked about Coinbase’s entry into Ireland and said:
“Dublin is a talent hotspot for companies like Coinbase as they scale and internationalize critical businesses operations. We look forward to welcoming Coinbase into the Irish economy and helping them access our talented pool of young professionals from the technology and financial services sectors.”
Michael D’Arcy T.D., Irish Minister for Financial Services and Insurance, said, “I am delighted that Coinbase is opening an office in Dublin,” mentioning that the exchange’s decision highlights Ireland’s competitive and attractive offerings for financial services.
Thanks to the new office in Dublin, it’s gotten easier for investors to reach Coinbase. The company has become one of the most trusted platforms in Europe. Coinbase continues to receive support from various quarters, and it wants to make sure that it contributes toward the growth of the technology sector in Europe.