Coinbase Reaffirms Commitment to San Francisco with Major Office Lease at Mission Rock

In a significant move signaling its renewed commitment to physical office spaces, cryptocurrency exchange Coinbase has secured a 150,000-square-foot office lease at 1090 Dr. Maya Angelou Lane in San Francisco’s Mission Rock development. This decision marks a strategic reversal from the company’s 2021 shift away from headquarters models, positioning this waterfront property as Coinbase’s largest single office location. The development, a joint venture between Tishman Speyer and the San Francisco Giants, represents a vote of confidence in both the city’s tech ecosystem and the long-term growth of digital asset markets. As of May 2025, this expansion reflects Coinbase’s bullish outlook on cryptocurrency adoption and its need for substantial operational infrastructure to support growing institutional and retail demand. The move back to San Francisco - a global fintech hub - strategically positions Coinbase near potential partners and talent pools while demonstrating the maturing cryptocurrency industry’s increasing integration with traditional finance and real estate sectors.

Coinbase Returns to San Francisco with Major Office Lease at Mission Rock

Crypto exchange Coinbase is re-establishing its physical presence in San Francisco, securing a 150,000-square-foot office space at 1090 Dr. Maya Angelou Lane in the Mission Rock development. The MOVE marks a strategic reversal after the company abandoned its headquarters model in 2021. The waterfront property, developed jointly by Tishman Speyer and the San Francisco Giants, will become Coinbase’s largest single office globally.

San Francisco Mayor Daniel Lurie publicly welcomed the decision, stating the city "is the place to build and grow." Coinbase CEO Brian Armstrong acknowledged lingering urban challenges, noting San Francisco was "badly run for many years" while praising recent improvements. The expansion follows Coinbase’s recent inclusion in the S&P 500 index, a milestone for cryptocurrency enterprises.

The lease comes with financial implications—Coinbase disclosed a $25 million expense for terminating a previous office agreement in its 2023 shareholder letter. This real estate commitment signals renewed confidence in physical workspaces despite the company’s earlier remote-first policy shift during the pandemic era.

Coinbase Expands 24/7 Futures Trading to XRP and Solana

Coinbase is set to launch round-the-clock futures trading for XRP and solana (SOL) starting June 13, marking a significant expansion of its regulated derivatives offerings. The move aligns U.S. trading hours with the global crypto market’s non-stop activity, addressing a critical gap for traders seeking real-time risk management.

Early demand for XRP and SOL contracts has been robust, with tens of thousands traded during initial sessions. This follows Coinbase Derivatives’ success as the first CFTC-regulated platform to offer 24/7 Bitcoin and ethereum futures in the U.S.

The expansion underscores Coinbase’s strategic positioning in a shifting regulatory landscape while catering to institutional and retail demand for always-on crypto derivatives. Market participants now gain parity with international traders in reacting to breaking news and price movements.