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The San Francisco-based start-up, which is among the top 20 biggest digital currency exchanges by volume traded and already has a small number of employees in London, said on Tuesday that it initially planned to hire about a dozen people to the new Dublin branch. Coinbase said the expansion to the Irish capital was part of a bid to scale up in the EU, which was the group’s fastest-growing market last year and in the current year to date.
But the exchange, which has about 500 staff around the world, also said it wanted to ensure it could continue to “passport” its services across the bloc after Brexit.
“Ireland does offer us a home in a post-Brexit scenario,” Zeeshan Feroz, the chief executive of Coinbase’s UK division, told the Financial Times. “It could serve as our gateway in the future . . . we’re planning for all eventualities.” [...]
Full article on Financial Times (subscription required)