Coinbase Exchange Returns to San Francisco Office

Coinbase has returned to San Francisco, renting a new office in the Mission Rock neighborhood. Notably, this happened four years after the company moved to a decentralized model without a central office.

It should be noted that the city's mayor Daniel Lourie spoke positively about the return of the exchange, calling San Francisco an ideal city for the development of tech companies. In turn, the head of Coinbase, Brian Armstrong, commenting on the decision, noted that the city administration still has to do significant work to improve the regulatory environment for supporting the crypto industry, but the mayor's efforts are already yielding results and are not going unnoticed. According to him, despite the formal closure of the office three years ago, the company never completely left California, as most employees continued to live in the state, and the remote work model allowed for flexibility.

The decision to return is connected with the intention to create a center of attraction for specialists, strengthen the corporate culture and strengthen the company's position in the Web3 ecosystem. Back in 2021, Coinbase officially abandoned its headquarters, switching to a fully remote mode of operation. That same year, the San Francisco office was closed.

The new office will be an important part of Coinbase’s growth strategy, which is seeking to strengthen its physical presence in key tech regions. The move could signal to other companies in the industry that are considering a return to a hybrid model that combines the benefits of both an office-based and remote organization.

Earlier, it was reported that the largest US crypto exchange Coinbase clarified the scale of the incident, which occurred in December 2024, but was only disclosed last week.