Coinbase With A New Office In Portland

The largest cryptocurrency exchange revealed that it is opening an office in Portland, Oregon. According to the company’s website, a variety of cities in the United States had been explored before Portland – but the city was picked because of the fact that it already has a vibrant blockchain community.

Talent is everywhere: we’re opening our newest office in #portland this fall. After exploring a variety of cities in the U.S., we were inspired by Portland’s innovative open-source and blockchain communities. https://t.co/XSTYrKfvVv

— Coinbase (@coinbase) June 28, 2018

In its new offices in Portland, Coinbase will hire up to 100 people this year alone, as said in the official statement written by the vice president of operations at Coinbase, Tina Bhatnagar:

“Our new Portland office will host a variety of business-related functions. We’re hiring right now for roles focused on customer support, finance, compliance, IT and HR, and we expect to add up to 100 new jobs to the local economy this year alone,”

What’s also interesting is that the new Coinbase office in Portland will concentrate on customer support among other duties. The news comes a little over a week since it was reported that clients of Coinbase had filed complaints with the US Securities and Exchange Commission.

Founded 6 years ago, Coinbase boasts more than 20 million users now. Ever since its inception, the assets worth $150 billion have been traded through the platform. Last year, Coinbase generated revenues that amounted to $1 billion.

Among the latest expansion moves of Coinbase was the new office in Japan, which allowed the country’s citizens and residents to access its products and services.