This article is about where is Coinbase Headquarters. As the remote work environments are evolving and growing too fast, Coinbase has also become a decentralized company, with no headquarters. But there was an office before 2022.
Where is Coinbase headquarters?
Coinbase was founded in 2012. Coinbase's headquarters is located at 548 Market Street, San Francisco.
But almost nine months into becoming a remote-first company, and now with 52% of our employees having joined us in a post-office world, that answer no longer feels right. After being able to safely return to in-person work, about 95% of employees still have the option to work at home, in an office, or a mix — whatever works best for them.
There are employees, many who originally worked in San Francisco, all over the country and world. Since January 2020, nearly 250 employees have relocated worldwide, and more than 150 have left San Francisco, representing about 21% of our 29% of global and San Francisco workforce during that time.
While we will continue to provide offices for employees who prefer to work in them, designating one location as our headquarters feels counter to our culture. Forgoing a formal headquarters is also more in line with the spirit of crypto, built on the inherent benefits of decentralization . We don't want to downplay any of the legal, compliance, or regulatory obligations that come with being based in the United States, or the benefits that come from operating in a country with America's values, but elevating one specific office over any other The office does not make sense for a remote-first Coinbase.
Benefits of Decentralized Company
There are some benefits that there is no official headquarters in one city:
- Remote-first has been working really well
With respect to the employee experience, 94% of employees believe that the benefits of remote-first outweight the drawbacks, or that the benefits and drawbacks balance each other out. In particular, they appreciate the autonomy, flexibility, the ability to focus, and reclaiming commute hours.
- Attract top talent
One of the best parts about being a decentralized company is that the company can hire more of the best people. Previously, less than 1% of the world lived within commuting distance of one of the offices. Now, over the last nine months, hundreds of employees from locations outside of the commute range of any of our existing offices are onboarded. In Q1 of 2020, only 28% of new employees lived outside of California. In Q1 of 2021 to date, 58% of new hires are from outside of the state.
- Engagement, learning, and belonging in a remote-first environment requires changes.
Being truly remote-first means redesigning how work gets done — that includes how people learn, bond, and grow. The company is committed to ensuring that all employees have equal access to professional growth and opportunity, regardless of how often they physically come into offices , the new collaboration practices will be required when some are back in offices and others are at home. Overall high engagement, belonging, learning, and creativity happen in a remote-first environment.
Bottom Line
There are benefits and drawbacks of remote work but Coinbase chose to be a first-remote work environment. So, their location is decentralized now. If you want to know where is Coinbase Headquarters, here is where it is.
