Crypto Exchange Coinbase to Open Its New Office in Portland

The wallet provider and US crypto exchange, Coinbase has announced on July 28 to set its new office in Portland. The new startup will allow users to buy and sell cryptocurrencies and also planned to hire upto 100 people.

After a long storm of hard hitting critics in terms of customer services, Coinbase has finally announced to set up a new office in Portland, Oregon. However, the new set up is said to be centered on customer support, finance, compliance, IT and HR.

Recently, the US based cryptocurrency exchange, Coinbase have been scrutinized with heavy criticisms that it is underprepared and overwhelmed by its growth pace. It has 134 pages totally worth of complaints with the country’s SEC (Securities and Exchange Commission), according to Mashable via a five-month Freedom of Information Act (FOIA) process.

The spokesperson of Coinbase explained that;

“In 2017, the cryptocurrency space experienced a profound uptick in mainstream awareness and growth. […] As part of that, consumer demand for our services increased by 40x and we experienced transaction volumes in November and December of that year that grew by 295 percent”.

In spite of those criticisms, there was some sort of relief after the cryptocurrency exchange made a new announcements about its plan to set up a office in Portland by 2018.

Coinbase vice president of operations and technology, Tina Bhatnagar said that;

“Opening a new office in Portland will help us tap into the city’s incredibly talented, innovative open-source and blockchain communities. We look forward to engaging the city’s rich talent pool and its thriving tech community”.

Earlier this month, Coinbase announced that it is entering into Japanese markets. The exchange said that it will apply for a license with the Japanese Financial Services Agency (FSA).

Coinbase was first initiated in 2012; with $150 billion assets trade boasted more than 20 million users. At present, users can trade BTC, ETH, LTC, and BCH and soon will be adding Ethereum Classic (ETC).

Image Source: Coinbase

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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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