Blockchain.com says ‘Bye-bye Big Apple, Hello Miami!’

Blockchain.com says 'Bye-bye Big Apple, Hello Miami!'
  • Blockchain.com will shift its US headquarters from New York to Miami.
  • Revealed the news to hire 300 new employees over the next 18 months.

The leading provider of crypto solutions Blockchain.com is moving its US headquarters from New York to Miami in a bid to drive aggressive growth over the next few years.

The $5 billion company plans to recruit 300 new full-time workers in the region in the next 18 months. The news was revealed a day before the city hosted the world’s largest Bitcoin conference, Bitcoin 2021.

Miami Mayor Francis Suárez made the announcement at City Hall with Peter Smith, CEO of Blockchain.com. He stated that the move was not just to boost local employment. But, he explained it will also be an investment in the local science, technology, engineering, and math (STEM) Community through educational programs. 

Suaraz said,

“Blockchain.com’s arrival in Miami perfectly encapsulates what the Miami Movement is all about — leveraging Miami’s talent against the world’s top companies in order to build towards our goal of becoming a Miami that lasts forever and a Miami that works for everyone.”

Blockchain.com stated that one of the main drivers of this initiative is “the city’s welcoming regulatory environment serving as a hotbed of crypto innovation.” The company’s global headquarters will still be based in London. However, the Miami headquarters will be located in the United States. Offices for Blockchain.com also in San Francisco will remain.

With a post-currency valuation of $5 billion, Blockchain.com is arguably the biggest blockchain-related scalp that Miami has claimed since Mayor Suarez began its intense crypto push. The company services 32 million users in over 200 countries.

Last year, Suarez made it clear that he wanted to turn Miami into a nation’s crypto hub. XBTO Group, a crypto finance company, bought a new office in Miami in April. Scott Minerd of Guggenheim Partners and Keith Rabois, partner of Peter Thiel, also bought property here. FTX Crypto Exchange has entered into a 19-year Miami Heat arena naming rights agreement with Borderless Capital. On June 2, it announced the establishment of a $25 million fund for a Miami-based crypto company.

Suarez has also conducted meetings with Winklevoss twins Elon Musk, Twitter CEO Jack Dorsey, and Google CEO Eric Schmidt. In order to convince them of the benefits of Miami.

Suarez also publicly stated that he owns Bitcoin and Ethereum and is considering “buying the dip”, thus demonstrating his personal beliefs.

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