Coinbase’s move to open its first physical office in Charlotte and hire over 130 local employees reflects a targeted investment in the city’s workforce and economy. According to a company spokesperson, the expansion supports Coinbase’s broader effort to decentralize hiring and grow in emerging U.S. fintech hubs.

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“This is our first physical presence in the city,” the spokesperson said, noting that “Coinbase’s investment in the local workforce is a nod to Charlotte’s position as a growing financial and tech hub, which makes it an ideal location for this expansion as we scale to meet growing customer and compliance needs.”