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Crypto & Web3

Coinbase Strengthens Singapore’s Crypto Ecosystem Through New Engineering Hub

Nicole Kristine Jovero
Last updated: November 11, 2024 1:44 am
Nicole Kristine Jovero
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  • Coinbase launches Singapore engineering hub to develop local blockchain talent
  • Program targets students and fresh graduates for Web3 career development
  • Company demonstrates commitment after receiving full MAS payment license

Contents
Singapore Gets a Crypto BoostBuilding Tomorrow’s Blockchain TalentStrong Growth Trajectory

Singapore Gets a Crypto Boost

Coinbase, America’s leading cryptocurrency exchange, launched its new engineering hub in Singapore through a strategic partnership alongside the Economic Development Board.

This initiative aims to nurture local blockchain talent and strengthen the region’s cryptocurrency infrastructure.

Building Tomorrow’s Blockchain Talent

The hub will function through a structured program targeting undergraduate engineering students and early-career professionals. Country Director Hassan Ahmed emphasizes recruiting fresh graduates who align their vision to Web3 development, regardless of prior crypto experience.

Strong Growth Trajectory

Following its 2023 major payment institution license from MAS, Coinbase continues expanding its Singapore presence.

The company, employing 70 local staff across various departments, has already invested in 18 Singapore-based Web3 startups. Their recent financial success shows in Q3 2024, posting $75.5 million net income.

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