Coinbase Selects Germany As Operations Base For European Expansion
Portfolio Pulse from Khyathi Dalal
Coinbase Global Inc. (NASDAQ:COIN) has chosen Germany as its base for European expansion, as part of its 'Go Broad, Go Deep' international market strategy. The move is part of the company's Phase II of its international strategy. Germany will serve as the regional talent hub for Coinbase's infiltration of markets across the European Union. The decision was influenced by the increasing migration of Web3 firms from the U.S. to Europe, and the fact that Germany is Coinbase's second-largest international market.
October 18, 2023 | 7:23 pm
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Coinbase's decision to base its European operations in Germany could potentially boost its growth in the region. The company's strong market positioning in Germany, which accounts for more than 6% of its population invested in cryptocurrency, could be beneficial.
Coinbase's decision to base its European operations in Germany is a strategic move that could potentially boost its growth in the region. Germany is Coinbase's second-largest international market and has a strong market positioning in the cryptocurrency sector, with more than 6% of its population invested in cryptocurrency. This, coupled with the increasing migration of Web3 firms from the U.S. to Europe, makes Germany a natural choice for Coinbase's regional talent hub.
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