Coinbase Returns to San Francisco After Nearly Four Years With a HQ
The post Coinbase Returns to San Francisco After Nearly Four Years With a HQ appeared on BitcoinEthereumNews.com. Coinbase is coming back to San Francisco with a HQ in Mission Rock The crypto giant is returning to the city four years after abandoning its HQ in 2022 One of the largest crypto exchanges is reconsidering its plans to return to San Francisco. It’s none other than the Brian Armstrong-led Coinbase Global. The exchange has leased a 150,000-square-foot headquarters in the city. The news came to light when San Francisco city mayor Daniel Lurie posted it on his X account. His post highlighted the fact that Coinbase is returning to the city after nearly four years. The Mayor welcomed Coinbase and assured the firm that San Francisco is the place to build and grow. Coinbase is coming back to San Francisco, opening a 150,000 square foot office in Mission Rock after leaving the City four years ago. San Francisco is the place to build and grow your company. Welcome back, @Coinbase! https://t.co/mH825cIqIR — Daniel Lurie 丹尼爾·羅偉 (@DanielLurie) May 29, 2025 Based on the San Francisco Standard report, unfamiliar sources revealed that the exchange has been looking for properties for the last 2 years. The exchange also negotiated for another office space at China Basin before taking the present Mission Rock space to lease. Coinbase Paid $25M to Close Down its HQ in 2021 The news came as a surprise because Coinbase paid around $25 million around four years ago for the early termination of its office lease. It was keen on operating completely on a remote basis in 2022. Coinbase operated remotely without a traditional headquarters from 2022. The major driving force behind this action was that the company decided to operate without an HQ to adopt a “decentralized workforce strategy.” However, there isn’t any clarity on why the firm is changing this structure after around 4 years. Back…
The post Coinbase Returns to San Francisco After Nearly Four Years With a HQ appeared on BitcoinEthereumNews.com.
Coinbase is coming back to San Francisco with a HQ in Mission Rock The crypto giant is returning to the city four years after abandoning its HQ in 2022 One of the largest crypto exchanges is reconsidering its plans to return to San Francisco. It’s none other than the Brian Armstrong-led Coinbase Global. The exchange has leased a 150,000-square-foot headquarters in the city. The news came to light when San Francisco city mayor Daniel Lurie posted it on his X account. His post highlighted the fact that Coinbase is returning to the city after nearly four years. The Mayor welcomed Coinbase and assured the firm that San Francisco is the place to build and grow. Coinbase is coming back to San Francisco, opening a 150,000 square foot office in Mission Rock after leaving the City four years ago. San Francisco is the place to build and grow your company. Welcome back, @Coinbase! https://t.co/mH825cIqIR — Daniel Lurie 丹尼爾·羅偉 (@DanielLurie) May 29, 2025 Based on the San Francisco Standard report, unfamiliar sources revealed that the exchange has been looking for properties for the last 2 years. The exchange also negotiated for another office space at China Basin before taking the present Mission Rock space to lease. Coinbase Paid $25M to Close Down its HQ in 2021 The news came as a surprise because Coinbase paid around $25 million around four years ago for the early termination of its office lease. It was keen on operating completely on a remote basis in 2022. Coinbase operated remotely without a traditional headquarters from 2022. The major driving force behind this action was that the company decided to operate without an HQ to adopt a “decentralized workforce strategy.” However, there isn’t any clarity on why the firm is changing this structure after around 4 years. Back…
What's Your Reaction?
