Planning for Brexit: Crypto Exchange Giant Coinbase Opens Office in Ireland
Cryptocurrency exchange Coinbase has opened a new office in Dublin to mark its latest expansion into Ireland as a marked effort to plan for all eventualities for Brexit, according to a top Coinbase executive.
In an announcement on Monday, San Francisco-based cryptocurrency exchange Coinbase the industrys first unicorn said Dublin was the clear choice in its ongoing expansion effort. The new office in Dublin will compliment Coinbases existing operations in London, the base for its EU operations.
Irelands minister for financial services and insurance Michael DArcy stated:
I am delighted that Coinbase is opening an office in Dublin. This decision highlights the completive offering and attractiveness of Ireland for financial services.
https://www.ccn.com/planning-for-brexit-crypto-exchange-giant-coinbase-opens-office-in-ireland/It seems that Ireland is becoming attractive for financial services.
With Brexit knocking, this is actually a very brilliant move I must say. Asides the whole Brexit thing, Ireland has been known for a very friendly country when it comes to doing business and this is probably one of the reasons why and for the fact that they are spreading their tentacles globally is a very good thing as far as I am concerned.
So far, we are beginning to see different countries trying to attract as much as possible and most especially the cryptocurrency business sector and I believe as time goes on, we will get to see many more countries making this attempt.