Coinbase is relocating to a new office in New York, abandoning its Hudson Yards workspace in the process, a source familiar with the matter told The Block. 

On Monday, the Commercial Observer reported on a new rental agreement involving the cryptocurrency exchange. According to the real estate trade publication, on Monday, it was revealed that the exchange had signed an eleven-year lease for a 67,208-square-foot space at One Madison in Manhattan's Flatiron District. A source informed The Block that Coinbase will not retain its office at 55 Hudson Yards, which has been leased since 2021.

Coinbase did not comment on its reason for relocating to the new office, which is roughly twice as large as its Hudson Yards space. The company has neither changed its remote-work policy nor …