{"id":273942,"date":"2021-06-14T11:54:00","date_gmt":"2021-06-14T08:54:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbase-is-reportedly-looking-to-set-up-office-in-new-york\/"},"modified":"2021-06-14T11:54:00","modified_gmt":"2021-06-14T08:54:00","slug":"coinbase-is-reportedly-looking-to-set-up-office-in-new-york","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbase-is-reportedly-looking-to-set-up-office-in-new-york\/","title":{"rendered":"# Coinbase is reportedly looking to set up office in New York"},"content":{"rendered":"

“# Coinbase is reportedly looking to set up office in New York <\/strong>”
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The United States\u2019 largest cryptocurrency exchange, Coinbase, is reportedly setting up its first office in New York. The Nasdaq-listed cryptocurrency exchange has allegedly subleased 30,000 square feet from Steven Cohen\u2019s investment firm Point72 at Related Companies\u2019 55 Hudson Yards in New York, the New York Post reports<\/a> Sunday.<\/p>\n

Citing sources from a real estate firm, the report notes that Coinbase\u2019s upcoming NY office makes up a small chunk of Point72\u2019s total 339,000 square feet at the tower. The report also notes that Hudson Yards area is mostly known for corporate, media<\/a>, and law tenants but not technology<\/a> companies.<\/p>\n

\u201cIt\u2019s a new brand of user not only for Related\u2019s Hudson Yards but also for the entire far West Side area,\u201d one market observer reportedly said.<\/p>\n

The biggest crypto exchange in the United States, Coinbase became even more discussed this year after going\u00a0public on Nasdaq in April. The firm is known for its no-headquarter stance officially announced<\/a> by CEO and co-founder Brian Armstrong in February 2021. Last month, Coinbase was planning to shut down its office in San Francisco in 2022 as part of the company\u2019s commitment to \u201cbeing remote first.\u201d<\/p>\n

Related: <\/em><\/strong>Coinbase recruits former White House adviser to new policy role<\/em><\/strong><\/p>\n

Armstrong stressed that the closure of Coinbase\u2019s headquarters in the Golden Gate City will be an important step in ensuring that no office becomes an unofficial headquarters. \u201cInstead, we will offer a network of smaller offices for our employees to work from if they choose to,\u201d he said.<\/p>\n

As previously reported by Cointelegraph, Coinbase\u2019s position on being remote-first echoes a similar no-headquarters stance by competitor Binance, the world\u2019s largest cryptocurrency exchange. Binance CEO Changpeng Zhao said back in 2019 that office and headquarters are \u201cold concepts like SMS and MMS.\u201d<\/p>\n