Coinbase CEO courts Singapore as APAC launchpad, plans engineering growth to 200 by 2026

  • Coinbase CEO Brian Armstrong met Asia-Pacific clients, regulators and Base builders in Singapore.
  • Coinbase plans to increase Singapore engineering staff from roughly 150 to approximately 200 by end-2026.
  • Coinbase received in-principle approval for a Singapore payments institution license from MAS.

Coinbase CEO Brian Armstrong used a mid-September Singapore visit to meet Asia-Pacific institutional clients, regulators and local engineers as the exchange positions the city-state as its launchpad for the wider APAC region. The trip included a Bloomberg Television appearance around September 10, meetings with Coinbase’s Singapore engineering team and a September 14 roundtable with Base builders working on trading, financing and payments projects. Coinbase recently received in-principle approval from the Monetary Authority of Singapore (MAS), the city-state’s central bank and financial regulator, for a payments institution license. The exchange currently employs roughly 150 people at its Singapore engineering office and plans to reach approximately 200 by the end of 2026, a roughly 33% increase. New hires are expected to work on advanced trading products and institutional-grade infrastructure for hedge funds, family offices and sovereign wealth funds. The visit produced no major product launch or acquisition, but Armstrong’s presence underscored the strategic importance Coinbase attaches to Singapore and the regional market.

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