Coinbase, one of the largest cryptocurrency exchanges in the United States, is reportedly finalizing a lease for a brand-new headquarters in San Francisco—marking a major pivot from its previous “remote-first” strategy. According to The San Francisco Chronicle, the company is close to securing a 150,000-square-foot space across three floors at 1090 Maya Angelou Lane, part of the Mission Rock development.
This move is particularly noteworthy because Coinbase had declared itself a remote-first company in 2021, embracing decentralized work as a core cultural value. At the time, the company closed its previous San Francisco office and encouraged employees to work from anywhere. The decision now to return to a centralized office reflects shifting internal priorities as Coinbase seeks to balance flexibility with in-person collaboration.
Mission Rock, a high-profile mixed-use development co-managed by the San Francisco Giants and Tishman Speyer, already houses major tenants like the Golden State Warriors and Visa. Coinbase’s presence would add significant tech-sector weight to the area. The company has not publicly confirmed the lease, but insiders suggest the agreement is in its final stages.
Why the Shift?
Several factors are influencing this change in direction. CEO Brian Armstrong recently announced plans to hire over 1,000 new employees in 2025, with a portion expected to work from
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