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Blockchain.com to Move US Headquarters to Miami From New York
The Luxembourg-based company plans on creating as many as 300 jobs over the next 18 months at the new location.
Cryptocurrency exchange and wallet firm Blockchain.com is moving its U.S. headquarters to Miami from New York, the Miami Herald reported, citing Miami Mayor Francis Suarez.
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- The Luxembourg-based company plans on creating as many as 300 jobs over the next 18 months at its new U.S. headquarters, the report said, citing the company. It wasn't immediately known if any jobs will be lost in New York.
- A city spokesperson told the Herald the company is not receiving financial incentives to move.
- Suarez has made attracting tech companies, particularly crypto concerns, to Miami a signature priority of his administration.
- The announcement comes as the Bitcoin 2021 conference gets underway in the city.
- Separately, the major also disclosed on CNBC he owns bitcoin and ethereum, and that he plans to buy more.
Read more: Blockchain.com Raises $300M at $5.2B Valuation: Report
Kevin Reynolds
Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
