Binance and Coinbase are two of the largest businesses in the crypto world that are ditching corporate headquarters and embracing remote work. Binance, estimated to have a worth of up to $300 billion, doesn´t have physical offices. And Coinbase, after the pandemic, got rid of its San Francisco offices going fully remote.
Years ago, tech giants invested billions of dollars in building massive headquarters. Fancy buildings with spacious offices were one of the best strategies to attract candidates. After the pandemic, businesses are opting for a different way of attracting and retaining employees: remote work. And this is the case for many of the most important bitcoin companies.
Crypto Companies Embrace Remote Work
Coinbase did have San Francisco headquarters. Since 2014, the company´s building has offered nap rooms, meals, and a fully stocked fridge. But a year after the pandemic, the crypto business announced it was shutting down its physical offices and going on a “remote first” model.
In May 2021, the company announced via Twitter that they were committed to having no HW and that location was no longer important.
Kraken, a crypto exchange company, had shut down its headquarters due to crime-related issues but has no plans to build other offices.
And Binance keeps moving forward with its remote work policies and model after CEO established that “Wherever I sit, is going to be the Binance office.”
While not all crypto companies are remote, it’s notable to see how they have been adapting to remote work and establishing flexible policies.
