Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Coinbase leased a larger New York office and gave up its Hudson Yards workspace.
ADOPTION NEWS

Coinbase leased a larger New York office and gave up its Hudson Yards workspace.

By Crypto FlexsApril 19, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Coinbase leased a larger New York office and gave up its Hudson Yards workspace.
Share
Facebook Twitter LinkedIn Pinterest Email

Coinbase is abandoning its Hudson Yards workspace and moving to new offices in New York, sources familiar with the matter told The Block.

On Monday Commercial Observer reports As for the new lease deal involving the cryptocurrency exchange, the real estate trade publication reported that the exchange this month signed an 11-year lease for a 67,208-square-foot space at One Madison in Manhattan’s Flatiron district. A source told The Block that Coinbase will not maintain an office at the leased 55 Hudson Yards starting in 2021.

Coinbase did not comment on why it moved to a new office that is roughly twice the size of its Hudson Yards space. Sources at The Block said the company has not changed its remote work policy or signaled that it will grow its team in New York.

According to sources, there was relatively no significant change in the number of people at the exchange this year. The company had 3,416 employees as of the end of 2023, according to its annual financial report filed with the Securities and Exchange Commission.

It’s unclear whether Coinbase will break its existing lease at Hudson Yards or stay there until it expires. Coinbase did not immediately respond to The Block’s inquiries about the matter.

Coinbase did not disclose One Madison’s monthly rent. But sports betting company Flutter Entertainment signed a lease this month for space in the same building for $170 per square foot, Commercial Observer said. reported.

By comparison, the building housing the roughly 30,000-square-foot Hudson Yards offices boasts average rents just north of $100 per square foot, Crain’s New York reported, citing an independent study.

Coinbase’s move is happening at a time when tenants can sign new leases as Manhattan real estate developers offer concessions to lower New York City’s high office vacancy rate. As of 2023, Big Apple landlords were offering concessions averaging 24% of their rent demands to office tenants who signed a previous lease or ordered a new lease for at least seven years for properties over 20,000 square feet. Commercial real estate trade publication CoStar reportedCiting research from real estate firm Avison Young

The exchange’s workspace conversion comes months after federal regulators cracked down on the company. Last June, The SEC charged that Coinbase operated as an unregistered national securities exchange, broker, and clearinghouse.

Despite these issues, the company’s finances are on the mend and are showing significant improvement this year amid a surge in cryptocurrency prices. Coinbase posted its first profit in two years in the first quarter of 2024, according to public data. Meanwhile, the company’s stock price has surged 68% over the past year to $225.06 per share.

This isn’t the only leasing deal Coinbase has signed in recent months. Last summer, the company began leasing 40,000 square feet of space at SFGate in California’s Bay Area. reported.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

Β© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025
Most Popular

Ethereum Whale Accumulates $1 Billion in ETH: Signs of a Rally?

December 1, 2024

πŸ“Š Descending Triangle: Master Cryptocurrency Trading Patterns

May 11, 2024

Weekly winners and losers in the cryptocurrency market – BEAM, KAS, XMR, FXS

February 11, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.