San Francisco-based cryptocurrency exchange Coinbase Global Inc is reportedly doubling down on its overseas expansion, registering in markets including Italy, Spain, the Netherlands, and France.
The company, already registered in the UK, Ireland and Germany, recently hired its first employee in Switzerland, as per a Bloomberg report.
“In all these markets our intention is to have retail and institutional products,” Nana Murugesan, Coinbase’s vice president of business development and international, was quoted as saying.
“It’s almost like an existential priority for us to make sure that we are able to realize our mission by accelerating our expansion efforts.”
Why It Matters:
Coinbase recently cut 18% of its global staff in a defensive move alongside competitors. However, Sam Bankman-Fried-led rival FTX, which is steadfast in growing its global presence, has continued to hire.
Originally Posted June 29, 2022 – Amid ‘Existential Priority,’ Coinbase Seeks To Accelerate Europe Expansion
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