Nasdaq-listed bitcoin exchange Coinbase has announced plans to become a predominantly telecommuting firm. The company has ditched its headquarters and will close its former headquarters in San Francisco in 2022.
We’ve committed to having no HQ, and it’s important to show our decentralized workforce that no one location is important than the another.
— Coinbase News (@CoinbaseNews) May 5, 2021
By doing this, Coinbase aims to show employees that none of the locations will have priority status.
The company stressed that career outcomes depend on qualifications and outcomes, not location.
Employees will be offered a network of small offices as an alternative to the remote work format.
In March 2020, Coinbase transferred some of its employees to remote work due to the spread of the coronavirus epidemic.