Is Coinbase expanding operations in Singapore?

Could you elaborate on the recent rumors surrounding Coinbase's potential expansion in Singapore? Is there any official confirmation from the company regarding this matter? If so, what are the key details of this expansion, such as the scope of operations, the number of employees to be hired, and the timeline for the launch? Are there any strategic reasons behind this choice of Singapore, and how do they align with Coinbase's overall business objectives? Additionally, what impact could this expansion have on the cryptocurrency market in Singapore and the region?