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Press Release

Coinbase brings as many as 100 jobs to Portland

June 28,2018 | By Anna Marum












 




Media contact
Anna Marum, Greater Portland Inc
anna.marum@greaterportlandinc.com
971-339-2012


The innovative cryptocurrency exchange has signed a 7-year lease downtown

PORTLAND, OREGON – Coinbase, founded in 2012 as a revolutionary simple, easy-to-use, safe and secure app for people to buy and sell standard cryptocurrency like Bitcoin and Ethereum, has announced plans to open a sizable office in Portland.

The San Francisco-based company working to create an equitable and open financial system for the world will break ground on the Portland location in the coming weeks. While some team members are already working out of the downtown Portland office during the renovation, by the end of the year, the office will employ as many as 100.

These employees will work in customer support, finance, compliance, IT and HR. (See open roles here.) Coinbase has signed a 7-year lease for the space, and plans to keep growing its Portland presence beyond 2018.

“Opening a new office in Portland will help us tap into the city’s incredibly talented, innovative open-source and blockchain communities,” said Tina Bhatnagar, Coinbase VP of Operations and Technology. “We look forward to engaging the city’s rich talent pool and its thriving tech community.”
In addition to the Portland office, Coinbase is rapidly expanding its footprint in New York and Chicago.

“We're working to create an open financial system for the world, and best-in-class talent from across the Portland community will be critical to this mission,” said Aurora Harshner, Coinbase Director of Recruiting. “One of the reasons we chose Portland is because of the city’s commitment to providing equal opportunities for all, which mirrors our values at Coinbase.”

Coinbase’s Portland expansion is an exciting addition to the city’s financial technology sector, and represents opportunities for growth as cryptocurrency and blockchain technology become more integral in our everyday lives.

Greater Portland Inc, along with CBRE, Prosper Portland, the Oregon Blockchain Venture Studio (OBVS), the Technology Association of Oregon and the Oregon State Treasurer, supported Coinbase’s expansion into Portland.

“We are delighted that Coinbase chose to expand in our region, and we’re confident that the company’s commitment to diverse hiring, continuous learning and employee empowerment will make it a natural fit in our collaborative community,” said Janet LaBar, president and CEO of Greater Portland Inc. “This is yet another example of an innovative company choosing our region as the best place to grow.”

Prosper Portland, the city’s development commission, also welcomed Coinbase to the region.

“Our focus on equity and inclusion along with our ongoing commitment to public-private collaboration made Portland a natural choice for Coinbase,” said Prosper Portland’s Industry Liaison for Technology and Media Jared Wiener. “We are pleased to welcome Coinbase to Portland’s vibrant tech community.”
 
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About Coinbase: Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. Founded in 2012, Coinbase is working to create an open financial system for the world that is not controlled by any one country or company (just like the internet did for distributing information). We believe this is the highest leverage way to bring about more economic freedom, innovation, efficiency, and equality of opportunity in the world. We have a ten year plan to get to an open financial system, which can be a great equalizer and lift billions out of poverty while accelerating the pace of innovation around the world. www.coinbase.com/

About Greater Portland Inc: Greater Portland Inc (GPI) is the region’s economic development organization, providing support and services to companies seeking to relocate or expand in Greater Portland, a region that spans seven counties in Oregon and Southwest Washington. A true public-private partnership model, GPI is supported by more than 70 public-sector partners and private investors who are committed to advancing regional economic development through job growth and investment. GPI and its partners shape the region’s economic future and marketing the region to the world. www.greaterportlandinc.com.

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