Coinbase is expanding its Singapore operations, according to a report that says the cryptocurrency exchange plans to increase its local headcount by 25%.

25%

The planned increase in staff at Coinbase's Singapore office, from 150 to about 200 employees, according to a report.

The expansion would bring the Singapore team from 150 to about 200 employees, with the goal of completing it by the end of 2026, unnamed sources told the reporting outlet.

Coinbase's plans for the Singapore office growth were reported but not officially confirmed by the company. The information comes from anonymous sources familiar with the matter.