World’s largest Bitcoin exchange Coinbase is following Elon Musk’s warning and moving headquarters; says: This decision was not …
Coinbase, the world’s largest Bitcoin exchange has announced its decision to leave Delaware and reincorporate in Texas, citing growing concerns over legal unpredictability and a more innovation friendly environment in the Lone Star State. This move made by Coinbase aligns the company with other tech and finance firms include Tesla and SpaceX that have exited Delaware in recent months. Coinbase chief legal officer Paul Grewal recently posted a series of posts on social media platform X (formerly known as Twitter) and confirmed that the company has filed paperwork with the US Securities and Exchange Commission in order to shift its base to Texas. “Today @Coinbase is announcing our decision to leave Delaware and reincorporate in Texas. This decision was not made lightly, but we’ll always do what’s best for our customers, our employees, and our shareholders,” wrote Grewal.
