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Coinbase Plans Singapore Expansion, Aims for 200 Staff by 2026

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Cryptocurrency exchange Coinbase plans to expand its Singapore operations, increasing staff from 150 to 200 by late 2026, focusing on engineering and customer service roles.
This expansion follows receiving a major payment institution license from MAS in October 2023, solidifying Singapore's role as a crypto innovation hub.

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Coinbase received a major payment institution license from the Monetary Authority of Singapore (MAS) in October 2023, enabling it to expand its services to Singaporean individuals and institutions.

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Cryptocurrency exchange Coinbase plans to expand its presence in Singapore and grow its headcount from 150 to about 200 staff members by the end of 2026.

The cryptocurrency exchange is mainly looking to hire more engineers, customer service, relationship management staff and institutional sales representatives for its Singapore office, which opened at One Raffles Quay on Wednesday, Hassan Ahmed, Coinbase’s country director for Singapore, told the Business Times in an interview. A Coinbase spokesperson confirmed to Cointelegraph that the exchange plans to expand its operations in Singapore.

Ahmed said that Singapore is increasingly becoming a strategic hub for cryptocurrency innovation. Coinbase received a major payment institution license from the Monetary Authority of Singapore (MAS), the city-state’s central bank, in October 2023, enabling it to expand its services to Singaporean individuals and institutions.

Singapore licenses digital payment token service providers under a regulatory regime overseen by the MAS. The central bank’s directory listed 38 licensed entities on Thursday.

The MAS tightened licensing requirements in 2025, pushing unlicensed firms to leave the market.