Coinbase to Expand Tech Hubs into Brazil and Singapore By

© Reuters

By Sam Boughedda — Coinbase Global Inc (NASDAQ:) said Monday that it will be opening new tech hubs in Brazil and Singapore.

Shares of the crypto exchange rose 0.8% on Monday.

The company opened its first tech hub in India earlier this year and continues to hire in the region for product, engineering, design, and other roles.

In its blog, the cryptocurrency exchange said it will be building out its engineering team in the two new regions, while it has already hired senior engineering leaders in both countries.

“As a remote-first company, our ambition is to be able to hire anywhere in the world where talent resides,” said Coinbase.

“Yet, we also recognize the challenges facing distributed teams, and we work hard at maximizing efficiencies across communications, collaboration, and execution,” they added.

Coinbase is opening the hubs as a way to gain technical and market-specific expertise across the key regions it serves.

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