Crypto exchange Coinbase has leased office space in San Francisco's Mission Rock development, marking its return to the city after abandoning its headquarters model three years ago. The deal secures a 150,000 square foot spot at 1090 Dr. Maya Angelou Lane, representing over half of Building B. Mayor Daniel Lurie welcomed Coinbase, stating that San Francisco is ideal for growth. Coinbase CEO Brian Armstrong praised Lurie's efforts to improve the city. Coinbase's move follows its listing on the S&P 500 and a $25 million payment for terminating an office lease. The company transitioned to a remote-first model in 2021, closing its former headquarters in 2022. The decision aligns with a decentralized workforce strategy. Other exchanges, like Kraken, have also left the city due to tax burdens. Coinbase's SEC filing shows it as a remote-first company with no headquarters, emphasizing its global operating lease obligations. Read more AI-generated news on: https://app.chaingpt.org/news

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