Blockchain.com, a major encryption solution provider, is moving its US headquarters from New York to Miami, in order to stimulate its positive growth in the coming years.
The $5 billion company plans to hire 300 new full-time employees in the region in the next 18 months. The news broke the day before Bitcoin 2021, the world’s largest Bitcoin conference, was held in the city.
The Mayor of Miami, Francis Suarez, said announcement At City Hall with Peter Smith, CEO of Blockchain.com. He explained that this move will not only promote local employment, but will also invest in local science, technology, engineering and mathematics (STEM) communities through educational programs. Suyalas said:
“Blockchain.com’s arrival in Miami perfectly sums up the entire content of the Miami movement-using Miami’s talents against the world’s top companies to achieve our goal of becoming an eternal Miami and a Miami for everyone.”
Blockchain.com stated that a key driver of this move is “the city’s welcome regulatory environment as a hotbed of crypto innovation.” The company’s global headquarters will remain in London, but Miami will serve as its US headquarters. Blockchain.com also has an office in San Francisco, which will remain.
Blockchain.com has a post-investment valuation of US$5 billion, which can be said to be the largest blockchain-related scalp claimed by Miami since Mayor Suarez began to vigorously promote cryptocurrency. The company serves 32 million users in 200 countries.
In the past year, Suarez has made it clear that he wants to make Miami a National encryption centerXBTO Group, a crypto finance company, purchased a new Miami office in April, Scott Minard Keith Rabois, a partner from the global investment firm Guggenheim Partners and Peter Thiel, also bought the property here. FTX cryptocurrency exchange won 19 year contract Acquired the naming rights for the Miami Heat’s home game and Capital Without Borders Announcing the establishment of a $25 million fund On June 2 for Miami’s crypto business.
Suarez also held meetings with the Winklevoss twins, Elon Musk, Twitter CEO Jack Dorsey and Google CEO Eric Schmidt to convince them of the benefits of Miami.
Suarez also showed his personal beliefs, publicly revealing that he owns Bitcoin and Ethereum, and plans to “buy on dips.”
-Squawk Box (@SquawkCNBC) June 3, 2021