Coinbase, one of the largest US cryptocurrency exchange platforms, is expanding its European presence by opening an office in Dublin, as Brexit’s uncertainty continues to force companies to create plans to protect their business in unforeseen circumstances.
“The Dublin team will complement Coinbase operations in London, but will take on a number of new features”, said San Francisco-based company in a blog post. “London will remain the headquarters of the company, managing the international business. The number of customers in the European Union grew faster than any other market last year”, adds Coinbase.
The Irish Revenue Commission publishes guidelines for cryptocurrency transaction already in May to respond to inquiries from businesses and individuals. Because of the uncertainty around Brexit, Dublin is positioned as an alternative to European operations and other companies.
The CEO of Coinbase in the United Kingdom, Zeeshan Feroz, said that “when we were considering where to be the location of our second European office, Dublin was the logical choice. It is an English-speaking EU member state that is distinguished by a variety of highly qualified specialists, entrepreneurial spirit and long-term support for technological innovation”.
Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin with fiat currencies in around 32 countries, and bitcoin transactions and storage in 190 countries worldwide.