Coinbase has opened a new office in Singapore and plans to increase its local workforce from 150 to 200 by the end of 2026. The expansion focuses on engineering, customer service, relationship management, and institutional sales roles. This move follows Coinbase's acquisition of Singapore’s Major Payment Institution license in October 2023, highlighting its commitment to the region despite recent global layoffs. Hassan Ahmed, Coinbase Singapore Country Director, emphasized the appeal of Singapore due to its regulatory clarity, business-friendly environment, and tax benefits. The expansion reflects Coinbase's optimism about the growth of crypto and stablecoin adoption in Singapore and the broader Asian market.