Blockchain.com Moves To Miami To Spur Aggressive Growth

Blockchain.com moves to Miami as the mayor said that he wants “Miami to last forever” as he announced the move of the company so let’s read more in our latest blockchain news today.

One of the biggest crypto solutions providers Blockchain.com moves from New York To Miami in an attempt to spur aggressive growth over the next few years. The company intends to hire 300 new full-time employees in the region over the next year and the news broke a day before the city played host to the biggest BTC conference. Miami Mayor Francis Suarez made the announcement during the City Hall along with CEO Peter Smith. He explained that not only will the move boost local employment but it will also be an investment in the local technology community via educational programming:

“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 noted a key driver of the move was the welcoming regulatory environment of Miami that serves as a hotbed of crypto innovation. The firm’s global headquarters will be based in London but Miami will stand as a US HQ. Blockchain.com has offices in San Francisco that will remain open as well. The company has a $5 million valuation and is one of the biggest blockchain-related companies that are set in Miami since the mayor started his huge crypto support. The company services 32 million users in 200 countries. Over the past year, Suarez made it clear that he wants to see Miami as the country’s top crypto center as we already saw companies like XBTO moving there back in April. FTx also secured a 19-year deal with the Miami Heat arena.

"I own #bitcoin and I own #ethereum," says @FrancisSuarez. "I haven't bought the dip yet but I'm planning to. I've just been too busy." pic.twitter.com/xdKpghIRR5

— Squawk Box (@SquawkCNBC) June 3, 2021

Also, another company, Borderless Capital announced a $25 million fund for the Miami-based crypto businesses and we saw the mayor in meetings with people like Elon Musk, Twitter’s CEO Jack Dorsey, the Winklevoss Twins, and Google’s CEO. He showed strong support for crypto and announced he holds BTC and ETH with plans of buying more in the dip.