Coinbase Returns to San Francisco After Nearly Four Years With a HQ
- Coinbase is coming back to San Francisco with a HQ in Mission Rock
- The crypto giant is returning to the city four years after abandoning its HQ in 2022
One of the largest crypto exchanges is reconsidering its plans to return to San Francisco. It’s none other than the Brian Armstrong-led Coinbase Global. The exchange has leased a 150,000-square-foot headquarters in the city.
The news came to light when San Francisco city mayor Daniel Lurie posted it on his X account. His post highlighted the fact that Coinbase is returning to the city after nearly four years. The Mayor welcomed Coinbase and assured the firm that San Francisco is the place to build and grow.
Coinbase is coming back to San Francisco, opening a 150,000 square foot office in Mission Rock after leaving the City four years ago.
— Daniel Lurie 丹尼爾·羅偉 (@DanielLurie) May 29, 2025
San Francisco is the place to build and grow your company. Welcome back, @Coinbase! https://t.co/mH825cIqIR
Based on the San Francisco Standard report, unfamiliar sources revealed that the exchange has been looking for properties for the last 2 years. The exchange also negotiated for another office space at China Basin before taking the present Mission Rock space to lease.
Coinbase Paid $25M to Close Down its HQ in 2021
The news came as a surprise because Coinbase paid around $25 million around four years ago for the early termination of its office lease. It was keen on operating completely on a remote basis in 2022.
Coinbase operated remotely without a traditional headquarters from 2022. The major driving force behind this action was that the company decided to operate without an HQ to adopt a “decentralized workforce strategy.” However, there isn’t any clarity on why the firm is changing this structure after around 4 years.
Back then, the company closed its corporate headquarters at 430 California St., and now the new office with 150,000 square feet is going to be located at Maya Angelou Lane in Mission Rock.
On a similar note, another crypto exchange, Kraken, moved out of the San Francisco office at around the same time. The Kraken CEO believed that the city had fallen quite far compared to how it was when the company moved to it in 2013, in one podcast. Earlier, Kraken left New York, along with multiple other crypto exchanges, as they didn’t find New York crypto-startup-friendly.
Coinbase became the first firm to enter the S&P 500 earlier this month. This is a huge milestone for not only Coinbase but also for the entire crypto industry. A major crypto firm listing on a renowned platform like the S&P 500 shows the growing integration of crypto into traditional finance.
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Coinbase Returns to San Francisco After Nearly Four Years With a HQ
- Coinbase is coming back to San Francisco with a HQ in Mission Rock
- The crypto giant is returning to the city four years after abandoning its HQ in 2022
One of the largest crypto exchanges is reconsidering its plans to return to San Francisco. It’s none other than the Brian Armstrong-led Coinbase Global. The exchange has leased a 150,000-square-foot headquarters in the city.
The news came to light when San Francisco city mayor Daniel Lurie posted it on his X account. His post highlighted the fact that Coinbase is returning to the city after nearly four years. The Mayor welcomed Coinbase and assured the firm that San Francisco is the place to build and grow.
Coinbase is coming back to San Francisco, opening a 150,000 square foot office in Mission Rock after leaving the City four years ago.
— Daniel Lurie 丹尼爾·羅偉 (@DanielLurie) May 29, 2025
San Francisco is the place to build and grow your company. Welcome back, @Coinbase! https://t.co/mH825cIqIR
Based on the San Francisco Standard report, unfamiliar sources revealed that the exchange has been looking for properties for the last 2 years. The exchange also negotiated for another office space at China Basin before taking the present Mission Rock space to lease.
Coinbase Paid $25M to Close Down its HQ in 2021
The news came as a surprise because Coinbase paid around $25 million around four years ago for the early termination of its office lease. It was keen on operating completely on a remote basis in 2022.
Coinbase operated remotely without a traditional headquarters from 2022. The major driving force behind this action was that the company decided to operate without an HQ to adopt a “decentralized workforce strategy.” However, there isn’t any clarity on why the firm is changing this structure after around 4 years.
Back then, the company closed its corporate headquarters at 430 California St., and now the new office with 150,000 square feet is going to be located at Maya Angelou Lane in Mission Rock.
On a similar note, another crypto exchange, Kraken, moved out of the San Francisco office at around the same time. The Kraken CEO believed that the city had fallen quite far compared to how it was when the company moved to it in 2013, in one podcast. Earlier, Kraken left New York, along with multiple other crypto exchanges, as they didn’t find New York crypto-startup-friendly.
Coinbase became the first firm to enter the S&P 500 earlier this month. This is a huge milestone for not only Coinbase but also for the entire crypto industry. A major crypto firm listing on a renowned platform like the S&P 500 shows the growing integration of crypto into traditional finance.
Highlighted Crypto News Today:
India to Release Crypto Regulation Discussion Paper in June 2025 Amid Industry Tax Reform Push
Read More