Blockchain.com is moving its US headquarters from New York to Miami in an attempt to spur aggressive growth over the next few years.
June 4, 2021 | AtoZ Markets – Major crypto solutions provider Blockchain.com announced the move of its US headquarters from New York to Miami and the expansion of the state.
As part of its scaling plan, the company expects to hire 100 employees by the end of the year and another 200 in 2022. They noted that the reason for the move was Miami’s favorable regulatory framework.
According to the press release, Blockchain.com will also expand its product line and support the local science, technology, engineering, and maths (STEM) community through educational programs.
“The Internet will be the largest economy in the world by 2030, and cryptocurrency is the financial system built to support it. Miami recognizes the potential of the industry and we look forward to contributing to the city’s rich innovation ecosystem, ”said Blockchain.com CEO Peter Smith.
Miami Mayor Francis Suarez noted that the move of Blockchain.com “reflects the essence of the movement” of the city.
@blockchain’s arrival in Miami perfectly encapsulates what the Miami Movement is all about–they’re bringing 300 jobs and injecting $33M directly into the local economy every year. Welcome home pic.twitter.com/Q6JeENh822— Mayor Francis Suarez (@MiamiMayor) June 3, 2021
On June 3, in an interview with CNBC, the official recalled that he owns the first cryptocurrency and Ethereum, but is going to acquire more assets.
For the first time, Suarez spoke about his investments in early May. According to him, he made this decision after the approval of the US Senate of the plan to rescue the economy by $1.9 trillion .
Earlier, the Mayor of Miami said that he was “open to explore” the possibility of investing 1% of the city’s budget reserves in digital gold.
In early 2021, the official spoke about the possibility of paying salaries to civil servants in bitcoin and announced his desire to create a center for bitcoin mining in the city .
As a reminder, in February, Moore Strategic Ventures, Google Ventures, Lightspeed Venture Partners and other investors supported Blockchain.com in a $120 million funding round.
Later, the exchange raised $300 million , bringing its business valuation to $5.2 billion.
In May, Blockchain.com acquired the Artificial Intelligence Exchange, a developer of the OTC order matching and matching system.
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