Major crypto solutions provider Blockchain.com is moving its US headquarters from New York to Miami in an effort to fuel aggressive growth over the next few years.
The $5 billion firm intends to hire 300 new full-time employees in the sector over the next 18 months. The news comes a day before the city is set to host the world’s largest bitcoin conference, Bitcoin 2021.
Miami Mayor Francis Suarez createdez Announcement With Blockchain.com CEO Peter Smith at City Hall. He explained that the move would not only boost local employment, but it would also invest in the local Science, Technology, Engineering and Mathematics (STEM) community through educational programming. Suraj said:
“Blockchain.com’s arrival in Miami speaks to the Miami movement as a whole – leveraging Miami’s talent against the world’s top companies to move toward our goal of becoming the Miami that lasts forever and the Miami that all works for.”
Blockchain.com cited a key driver of the move as saying that “the welcoming regulatory environment of the city is serving as a center of crypto innovation.” The firm’s global headquarters will still be located in London, however, with Miami standing as its US headquarters. Blockchain.com also has offices in San Francisco that will remain in place.
Blockchain.com, with a post-money valuation of $5 billion, has been claimed by Miami to be the largest blockchain-related scalp since Mayor Suarez began his rapid crypto push. The company serves 32 million users in 200 countries.
Over the past year, Suarez has made it clear that he wants to position Miami as country’s crypto center. Crypto finance firm XBTO Group bought a new Miami office in April, Scott Minradt Global investment firm Guggenheim Partners and Peter Thiel’s associate Keith Rabois have also bought properties here. FTX crypto exchange secure a 19 year deal For naming rights to Miami Heat Arena and Borderless Capital $25 million fund announced On June 2nd for Miami-based crypto businesses.
Suarez has also held meetings with the Winklevoss twins, Elon Musk, Twitter CEO Jack Dorsey and Google CEO Eric Schmidt in an effort to explain the benefits of Miami.
Suarez has also demonstrated personal confidence, publicly disclosing that he owns bitcoin and ethereum, and plans to “buy the dip”.
— Squawk Box (@SquawkCNBC) 3 June 2021