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 Coinbase is strengthening its commitment to Singapore by establishing a new engineering hub designed to support local developers and broaden its reach across the Asia-Pacific region.
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<a style="color: #0000ff;" href="https://www.coinbase.com/en-tr/blog/coinbase-is-launching-a-new-engineering-hub-in-Singapore-supported-by-Singapore-Economic-Development" rel="noopener noreferrer nofollow">In a blog post on November 6</a>, the U.S.-based crypto trading platform announced that the new Singapore hub will focus on advancing blockchain development through training and infrastructure. This initiative is launched in partnership with the Singapore Economic Development Board.
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 “With the Engineering Hub, we hope to empower local engineers to build the onchain economy and to make crypto more accessible and useful for everyday financial needs in the region,”
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Coinbase noted.
Philbert Gomez, Executive Director and Head of Digital Industry Singapore, stated that this initiative “broadens opportunities for talent to engage in world-class product engineering” in Singapore and highlights the exchange’s commitment to advancing the local crypto landscape.&nbsp;
Coinbase, which currently employs over 600 staff across the Asia-Pacific region, including 70 in Singapore, hinted that the new hub might lead to additional team expansion in the country. However, no specific growth targets have been shared.
Coinbase’s expansion aligns with a broader trend of U.S.-based exchanges aiming to strengthen their presence in the Asia-Pacific region. In late October, Gemini <a style="color: #0000ff;" href="https://defi-planet.com/2024/10/gemini-secures-preliminary-approval-to-offer-its-services-in-singapore/" rel="noopener noreferrer nofollow">received</a> preliminary approval from Singapore’s Monetary Authority to offer cross-border money transfer and digital payment token services, underscoring its commitment to regulatory standards in Singapore.&nbsp;
The exchange noted that Singapore has been key to its Asia-Pacific operations and confirmed it was working toward full MPI license implementation.
Meanwhile, Singapore regulators are advancing tokenization to meet rising demand in fixed-income, foreign exchange, and asset management markets. On November 4, the Monetary Authority of Singapore (MAS) <a style="color: #0000ff;" href="https://defi-planet.com/2024/11/singapore-unveils-frameworks-to-advance-tokenization-in-financial-markets/" rel="noopener noreferrer nofollow">announced</a> plans to support commercialization through improved infrastructure, liquidity, and cross-border frameworks. Deputy Managing Director Leong Sing Chiong noted significant interest in asset tokenization, especially in fixed income.
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The post <a href="https://defi-planet.com/2024/11/coinbase-launches-engineering-hub-in-singapore-to-support-local-crypto-community/" rel="noopener noreferrer nofollow">Coinbase Launches Engineering Hub in Singapore to Support Local Crypto Community</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Coinbase Launches Engineering Hub in Singapore to Support Local Crypto Community

DeFi Planet

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