Express

Coinbase Is Moving To A "Decentralized" Company Without Headquarter

Mary Liu

Summary: Coinbase announced that San Francisco is no longer its "official headquarter". The company that is about to go public has decided to implement the "remote first" principle. "Forgoing a formal headquarters is also more in line with the spirit of crypto, built on the inherent benefits of decentralization," said CEO Brian Armstrong in a memo, "...elevating one ...

Coinbase announced that San Francisco is no longer its "official headquarter".

The company that is about to go public has decided to implement the "remote first" principle.

"Forgoing a formal headquarters is also more in line with the spirit of crypto, built on the inherent benefits of decentralization," said CEO Brian Armstrong in a memo, "...elevating one specific office over any other office does not make sense for a remote-first Coinbase."

The company stated that since January 2020, nearly 250 employees have been scattered around the world, and more than 150 employees have left San Francisco, accounting for 21% of the total number of employees worldwide at that time and 29% of the employees in San Francisco.

By Mary Liu

Last Update:

Tags: ,,,
Link: Coinbase Is Moving To A "Decentralized" Company Without Headquarter   [Copy]
  • Silicon Valley Giants, Trump Ally Launch 'Crypto Bank' Erebor, Aiming to Fill SVB Void 7 hours ago
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 6 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 12 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 15 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 16 days ago
  • You need to login to comment.