Coinbase’s U.K. CEO Zeeshan Feroz told the Guardian that the company is looking to capitalize on the talent pool available in Ireland. Feroz further added that the Irish office would enable Coinbase to serve its customers in the E.U. should the U.K. leave:
“It is also a plan B for Brexit. As we plan for all eventualities, it’s important that we continue servicing our customers across Europe, and Ireland would be our preferred choice there if it comes to it.”
San Francisco-based cryptocurrency exchange Coinbase has opened a new office in Dublin, Ireland, according to an announcement published Oct. 15. In addition to helping expand its operations in Europe, the new Irish offices are reportedly part of a contingency plan for when the U.K. leaves the E.U.
Per the announcement, the Dublin team will take on a number of new business-related functions, while London will remain Coinbase’s main office in Europe. The Irish Minister for Financial Services and Insurance Michael D’Arcy commented on the exchange’s expansion:
“I am delighted that Coinbase is opening an office in Dublin. This decision highlights the competitive offering and attractiveness of Ireland for financial services.”