Coinbase has opened a Singapore office and plans to grow its local headcount to about 200 by the end of the year, deepening the exchange’s operational presence in the city-state even as it trims staff in other markets. Coinbase has established a physical office in Singapore, formalizing an on-the-ground base in one of Asia’s most active financial hubs, according to reporting from The Straits Times. For related coverage, see U.S. Bitcoin-Related Stocks Rise as Coinbase Jumps 12%.