Big crypto solutions provider Blockchain.com is moving its US headquarters from New York to Miami to drive aggressive growth over the next few years.
The $ 5 billion company plans to hire 300 new full-time employees in the area over the next 18 months. The news came the day before the city hosted the world’s largest Bitcoin conference, Bitcoin 2021.
Miami Mayor Francis Suarez made the announcement at City Hall with Peter Smith, CEO of Blockchain.com. He stated that the move will not only boost local employment, it will also be an investment in local science, technology, engineering and math (STEM) through educational programs. Suaraz said:
“The arrival of Blockchain.com in Miami perfectly embodies what the Miami movement is all about – using Miami’s talent against the world’s best companies to achieve our goal of becoming a Miami that lasts and a Miami that works for everyone is working.”
Blockchain.com named as one of the main reasons for the move “the city’s welcoming regulatory environment that serves as a hotbed for crypto-innovations”. The company’s global headquarters will continue to be in London, but Miami will serve as the US headquarters. Blockchain.com also has offices in San Francisco that remain.
With a post-money valuation of $ 5 billion, Blockchain.com is arguably the largest blockchain-related scalp that Miami has claimed since Mayor Suarez began its intense crypto push. The company serves 32 million users in 200 countries.
Last year, Suarez made it clear that he wanted to establish Miami as the country’s crypto hub. The crypto finance company XBTO Group bought a new office in Miami in April, Scott Minerd of global investment firm Guggenheim Partners and Peter Thiel Associate Keith Rabois also bought real estate here. The FTX crypto exchange secured a 19-year contract over the naming rights to the Miami Heat arena, and Borderless Capital announced a $ 25 million fund for Miami-based crypto companies on June 2.
Suarez has also held meetings with Winklevoss twins Elon Musk, Twitter CEO Jack Dorsey and Google CEO Eric Schmidt to convince them of the benefits of Miami.
Suarez has also proven his personal conviction and publicly announced that he owns Bitcoin and Ethereum and plans to buy the “Dip”.
“I own #bitcoin and I own #ethereum,” @FrancisSuarez says. “I haven’t bought the dip yet, but I plan to. I’ve just been too busy.” pic.twitter.com/xdKpghIRR5
– Squawk Box (@SquawkCNBC) June 3, 2021