- Coinbase is leaving Delaware to reincorporate in Texas, citing a more pro-business, crypto-friendly climate.
- CEO Brian Armstrong and CLO Paul Grewal say states are now competing to host digital-asset leaders, and Texas just sent the strongest signal.
- The move supports Coinbase’s plan to build an onchain economy inside a state that welcomes blockchain and new business courts.
Coinbase, the largest U.S. cryptocurrency exchange, says it will shift its state of incorporation from Delaware to Texas. The company calls the move a strategic choice that reflects its mission to expand economic freedom and to operate in a jurisdiction that welcomes digital-asset innovation.
Coinbase notes that Texas is positioning itself as a home for high-growth, tech-forward companies and that the exchange wants to anchor itself inside that environment.
Armstrong Says Texas Celebrates Builders
Chief executive Brian Armstrong says Coinbase has always backed builders who grow the economy and that Texas has a culture that “celebrates” those builders. He points to Texas’s support for crypto, its lower friction for new businesses, and its public embrace of innovation as reasons to move the charter.
Coinbase frames the relocation as more than a paperwork change and calls it a recommitment to its founding ideas of freedom, competition and growth.
Related: Coinbase Launches Regulated Token Sales Platform, Picks Monad as Their First Listing
Grewal Points To Rising State-Level Competition
Chief legal officer Paul Grewal says the decision comes as states compete more aggressively to attract innovative companies. He says Delaware, which long dominated U.S. corporate law, is now facing real competition from states that are modernizing their frameworks.
Texas has adopted business-friendly corporate amendments and set up specialized business courts, giving companies more predictability. Grewal says Coinbase studied the options and concluded that Texas now offers the best mix of efficiency, fairness and clarity for a fast-moving crypto business.
Texas Courts And Policy Tilt Toward Crypto
Texas has been building a reputation as a blockchain and digital-asset hub since at least 2021, when lawmakers passed pro-blockchain bills and Governor Greg Abbott signaled support for miners and Web3 projects.
The new business court structure and recent corporate-code updates make it easier for large tech firms to resolve disputes quickly. Coinbase is telling the market it wants to be in the state that is writing the friendliest rules for crypto growth, not in the state that just triggered a wave of exits after high-profile rulings.
Move Backs Coinbase’s Onchain Economy Vision
Coinbase’s relocation underscores its long-term strategy to build what it calls the “onchain economy.” This vision focuses on integrating blockchain technologies into global financial systems to create greater transparency and accessibility.
Additionally, both Armstrong and Grewal expressed appreciation for Governor Greg Abbott’s leadership in creating a welcoming business environment. With this move, Coinbase positions itself at the intersection of innovation and governance, signaling confidence in Texas as a driving force for America’s next era of digital growth.
Related: CZ Calls for Coinbase Parity on BNB Chain Listings as Views Split
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
