Coinbase launches a new Engineering Hub in Singapore to support blockchain innovation, local talent, and expand crypto access in APAC.
Coinbase has officially launched a new Engineering Hub in Singapore. This move highlights the company’s growing commitment to the city-state. The hub will support the local developer ecosystem and help expand access to cryptocurrencies in the Asia-Pacific (APAC) region.
According to a blog post, Coinbase aims to empower Singaporean engineers. The company wants to create an environment for innovation and build the on-chain economy. Coinbase’s global mission to onboard one billion people into the crypto economy aligns with this initiative. It also helps Singapore’s Smart Nation 2.0 strategy of digital upskilling.
It will provide local talent with resources and training and motivate engineers to develop new blockchain products. The Singapore Economic Development Board (EDB) will partner with Coinbase to make this happen. Singapore is a leading centre for blockchain innovation, and the EDB’s involvement shows that.
Coinbase Expands Talent Pool with Engineering Hub in Singapore
Philbert Gomez, Executive Director of Digital Industry Singapore (DISG), also welcomed the hub’s potential. He said it would also provide good opportunities for local engineers to work on world-class projects. He also stressed the need for responsible blockchain development for Singapore’s digital future.
Singapore government has been investing in innovation. It has committed 1% of its GDP as part of its Research, Innovation, and Enterprise 2024 Plan. The investment aims to grow Singapore’s base of engineers and researchers. Coinbase’s new hub is right in line with these efforts.
Coinbase currently has over 600 employees in APAC, about 70 of whom are based in Singapore. With the launch of the Engineering Hub, Coinbase will expand its presence even more in the country. As the hub grows, the company plans to hire more engineers.
Singapore’s future depends on the focus on blockchain talent. Half of Singaporeans in finance think crypto is the future of finance. Upskilling the local workforce to meet these demands will keep Singapore competitive and a significant player in the global digital economy.
Finally, Coinbase’s new Engineering Hub is a big move for its presence in APAC. The EDB and the partnership share a commitment to digital innovation. As Coinbase continues to invest in Singapore, it helps strengthen the country’s position as a blockchain hub.
