The wallet provider and US crypto exchange, Coinbase has announced on July 28 to set its new office in Portland. The new startup will allow users to buy and sell cryptocurrencies and also planned to hire upto 100 people.

After a long storm of hard hitting critics in terms of customer services, Coinbase has finally announced to set up a new office in Portland, Oregon. However, the new set up is said to be centered on customer support, finance, compliance, IT and HR.

Recently, the US based cryptocurrency exchange, Coinbase have been scrutinized with heavy criticisms that it is underprepared and overwhelmed by its growth pace. It has 134 pages totally worth of complaints with the country’s SEC (Securities and Exchange Commission), according to Mashable via a five-month Freedom of Information Act (FOIA) process.

The spokesperson of Coinbase explained that;
“In 2017, the cryptocurrency space experienced a profound uptick in mainstream awareness and growth. […] As part of that, consumer demand for our services increased by 40x and we experienced transaction volumes in November and December of that year that grew by 295 percent”.

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