Coinbase today announced the launch of our new Engineering Hub in Singapore, with the aim of fostering the local developer ecosystem.

Coinbase is partnering with the Singapore Economic Development Board to launch the Hub. With the Engineering Hub, the company hopes to empower local engineers to build the onchain economy and to make crypto more accessible and useful for everyday financial needs in the region. T

Commenting on the announcement, Philbert Gomez, Executive Director & Head, Digital Industry Singapore (DISG) said:

“Coinbase’s new Engineering Hub is an exciting addition to Singapore’s digital industry that expands the breadth of opportunities for talent to pursue world-class product engineering work in Singapore and underscores our status as a hub for responsible blockchain innovation. We are pleased to partner with Coinbase in building the infrastructure that will power the future of Web3 from Singapore.”

Singapore committed 1% of GDP to the Research, Innovation and Enterprise 2024 Plan, to make Singapore a competitive hub for research and development and to grow its already impressive base of engineers, scientists and researchers.

As part of Coinbase’s expansion plans, the new Engineering Hub will provide engineers in Singapore with resources, and training. The initiative will focus on nurturing local talent, encouraging innovation, and advancing the capabilities of Singapore’s blockchain ecosystem. Currently, Coinbase employs over 600 people in the APAC region, including 70 employees in Singapore, which is intended to expand with the launch of this Hub.

This also signifies a crucial recognition by the Singapore government of the importance of cultivating a future-proof workforce, as 56% of finance-forward Singaporeans believe that crypto is the future of finance. Upskilling engineering talent to meet the needs of emerging technology use cases will ensure Singapore remains a competitive centre for financial services and technology.