Coinbase Subleases at 55 Hudson Yards for First NYC Office
Coinbase, the San Francisco-based trading platform for bitcoin and other digital currencies, is setting up its first New York office, the New York Post reported. The startup, currently valued at $85.7 billion, has subleased 30,000 square feet from Steven A. Cohen’s Point72 Asset Management at 55 Hudson Yards.
Although the space represents a small portion of Point72’s total 339,000 square feet at the tower within the Hudson Yards complex, it singifies a big move by Coinbase, which has increased its number of users to 56 million as interest in cryptocurrencies skyrockets. It’s also something of a departure in that Hudson Yards has been mostly known for corporate, media and law tenants, not tech.
“It’s a new brand of user not only for Related’s Hudson Yards but also for the entire far West Side area,” a source told the Post.