The new engineering hub will empower engineers in Singapore with resources and training to foster innovation and drive the advancement of the local blockchain ecosystem
Coinbase will be launching a new Engineering Hub in Singapore, with the aim of fostering the local developer ecosystem. Supported by the Singapore Economic Development Board (EDB), this move cements Singapore as a key hub for blockchain innovation in the APAC region.
The new Engineering Hub will provide engineers in Singapore with resources, while also nurturing local talent, encouraging innovation, and advancing the capabilities of Singapore’s blockchain ecosystem. Coinbase currently employs over 600 people in the APAC region, including 70 employees in Singapore, which is intended to expand with the launch of this Hub.
Hassan Ahmed, Country Director of Coinbase Singapore, said: “We are thrilled to be partnering with the Singapore Economic Development Board to launch our Engineering Hub. This move reflects our dedication to supporting Singapore’s vibrant developer community and to making Singapore a center for blockchain excellence in Asia. With the Engineering Hub, we hope to empower local engineers to build the future of Web3 and to make cryptocurrency more accessible and useful for everyday financial needs in Singapore. This brings us one step closer to our goal of increasing economic freedom and onboarding one billion people into the cryptoeconomy, and Singapore one step closer to achieving the digital upskilling goals of the Smart Nation 2.0 strategy.”
Philbert Gomez, Executive Director & Head, Digital Industry Singapore (DISG) said: “Coinbase’s new Engineering Hub is an exciting addition to Singapore’s digital industry that expands the breadth of opportunities for talent to pursue world-class product engineering work in Singapore and underscores our status as a hub for responsible blockchain innovation. We are pleased to partner with Coinbase in building the infrastructure that will power the future of Web3 from Singapore.”
The move will upskill engineering talent to meet the needs of emerging technology use cases, making the island a competitive centre for financial services and technology.
Coinbase obtained its Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) in October 2023. allowing the crypto exchange to offer a broad range of secure cryptocurrency trading and custodial services to retail, accredited investor and institutional clients in Singapore.
