• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Altcoin News / Coinbase to close down San Francisco HQ in 2022
Coinbase To Close Down San Francisco HQ In 2022

Coinbase to close down San Francisco HQ in 2022

May 6, 2021 by Chayanika Deka

Coinbase has announced its plans to shut down its headquarters in San Francisco from 2020 and let employees continue to work remotely. This shift to the new model is not surprising and comes almost a year after the exchange’s CEO Brian Armstrong had revealed the intention of making the platform remote rather than having a specific headquarters.

According to Coinbase, closing its SF office is an important step toward ensuring that no office becomes an unofficial headquarters, and that career outcomes are based on capability and output rather than location. The platform also stated that it will provide a network of smaller offices for its employees to work from if they so desire.

The main objective behind this move was to ensure decentralization with respect to cryptocurrency businesses. Several employees of the exchange are spread across the globe and would want to dodge regulation. Binance, which also happens to be one of the world’s biggest crypto exchanges, also does not have any official headquarters.

Talking about embracing the “remote first” move, Coinbase further noted,

“We’ve committed to having no HQ, and it’s important to show our decentralized workforce that no one location is important than the another.”

Coinbase’s Transparency Report

In addition to the remote working model, Coinbase also unveiled a transparency report for the second half of 2020. The document informed about the requests from government agencies and law enforcement, for customer information between 1st of July, 2020, and 31st of December, 2020. The exchange had reportedly received a total of 2,313 information requests during this period.

Around 90% of requests originated from the US, UK, and Germany. The Federal Bureau of Investigation [FBI] and Homeland Security Investigations [HSI] accounted for the majority of US law enforcement information requests at approximately 50.9.

On the other hand, 51% of total requests during this period came from the country’s agencies. Moreover, was an increase of roughly 20% in requests from France.

Filed Under: Altcoin News, News Tagged With: Coinbase

Primary Sidebar

Recent Posts

  • Strategy Doubles Down: Saylor Signals Massive 10th Bitcoin Buy Streak June 16, 2025
  • TIA Eyes Breakout: Falling Wedge Signals Bullish Reversal Toward $4.20  June 16, 2025
  • Filecoin (FIL) Charts Signal Bullish Reversal – Analysts Eye $5 Target in 2025 June 16, 2025
  • Ethereum’s Next Move? Technical Chart Hints at Major 2025 Rally June 16, 2025
  • Chainlink (LINK) Forms Head and Shoulders Pattern, Further Drops Could Hit $10-11 June 16, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.