Blockchain.com, a leading cryptocurrency services provider, announced yesterday that the company is planning to move its US headquarters from New York City to Miami.
According to an official announcement by the company, Miami is a prime location for innovative crypto companies. Additionally, the company highlighted the efforts of Miami Mayor Francis Suarez in the regional expansion of the cryptocurrency market.
Blockchain.com is planning to hire 100 full-time employees in Miami by the end of 2021. The company is eyeing the hiring of another 200 full-time employees in 2022.
Commenting on the latest announcement, Peter Smith, Co-Founder and CEO of Blockchain.com, said: “Miami is a prime location for Blockchain.com as the city has a welcoming regulatory environment that will help fuel crypto innovation. Next, Mayor Suarez has been a vocal proponent for tech investment in the region, even pushing for the state’s first financial regulations for cryptocurrency. We commend him for those efforts, and for seeing the true potential that crypto has to connect the world to the future of finance. Finally, as one of the leading financial centers for Latin America, Miami serves as an ideal location for recruiting.”
Blockchain.com has seen significant growth since the start of 2021 amid a surge in demand for cryptocurrency services. In March 2021, the company raised $300 million in a Series C funding round led by DST Global, Lightspeed Venture Partners and VY Capital. Blockchain.com received a valuation of $5.2 billion.
Companies around the world have started considering Miami as a crypto hub due to its crypto-friendly business environment. Miami Mayor Francis Suarez outlined his ambitions to make Miami an ideal location for international crypto companies. During a recent interview with CNBC, Suarez mentioned that he is holding Bitcoin and Ethereum. Miami Mayor added that he purchased BTC and ETH on the day when the US Senate passed a $1.9 trillion stimulus bill.
During the latest announcement, Blockchain.com mentioned that the company is planning to expand its operations in Miami.