Coinbase to Expand Singapore Office Headcount by 25% by End of 2026

Cryptocurrency exchange Coinbase plans to expand its Singapore office headcount from 150 to about 200 staff members by the end of 2026, according to a report by the Business Times. The expansion focuses on hiring engineers, customer service staff, relationship management personnel, and institutional sales representatives for the new office at One Raffles Quay, which opened on Wednesday. Hassan Ahmed, Coinbase's country director for Singapore, stated that Singapore is increasingly becoming a strategic hub for cryptocurrency innovation. The expansion follows Coinbase's receipt of a major payment institution license from the Monetary Authority of Singapore in October 2023, enabling it to serve Singaporean individuals and institutions under the central bank's regulatory framework for digital payment token service providers.

Coinbase Targets Four Key Hiring Areas for Singapore Expansion

Coinbase is primarily seeking to hire engineers, customer service staff, relationship management personnel, and institutional sales representatives for its Singapore office, Hassan Ahmed told the Business Times in an interview. The new office at One Raffles Quay opened on Wednesday.

Coinbase Operates Under MAS Major Payment Institution License

Coinbase received a major payment institution license from the Monetary Authority of Singapore in October 2023. Singapore licenses digital payment token service providers under a regulatory regime overseen by the MAS. The central bank's directory listed 38 licensed entities on Thursday. The MAS tightened licensing requirements in 2025, pushing unlicensed firms to leave the market.

FAQ

What is Coinbase's headcount expansion plan for Singapore?

Coinbase plans to grow its Singapore office headcount from 150 to about 200 staff members by the end of 2026, representing a 25% increase.

What types of roles is Coinbase hiring for in Singapore?

Coinbase is mainly looking to hire engineers, customer service staff, relationship management personnel, and institutional sales representatives for its Singapore office at One Raffles Quay.

When did Coinbase receive its Singapore payment license?

Coinbase received a major payment institution license from the Monetary Authority of Singapore in October 2023, enabling it to expand its services to Singaporean individuals and institutions.