COINBASE SIGNS SF LEASE FOUR YEARS AFTER PAYING $25M TO LEAVE

Summary from the TLDR Crypto newsletter

Coinbase will lease 150,000 square feet in San Francisco's Mission Rock, marking its largest office since paying a $25 million fee to exit its previous HQ and embracing a remote-first model. After a two-year site search, the company will occupy more than half of the newly built Building B developed by Tishman Speyer and the Giants. Coinbase offers remote flexibility to most of its roughly 3,800 employees and carries $132.3 million in global office liabilities. The deal emphasizes Coinbase's optionality and “decentralized” ethos.