Is Coinbase Now Headquartered In Miami? Press Release Hints At The Possibility

Coinbase, the cryptocurrency company which had one of the most valuable stock market debuts in U.S. history this month, has hinted that it has ties to Miami.

The company issued a press release yesterday listing Miami as its location, and noting that Coinbase is a “remote first” company.

Coinbase went public this month and was the seventh most valuable new listing in U.S. stock market history.

Before the pandemic, Coinbase was headquartered in San Francisco.

In February, the company announced that it was becoming a remote work company with no central headquarters. Around 29% of its San Francisco workforce had already left town at the time of the announcement.

Company co-founder Brian Armstrong also recently followed Miami Mayor Francis Suarez on Twitter.

 

 

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Azarius
5 months ago

This is great news!! I believe if Miami can draw in more investment in cryptocurrency and blockchain this will put us in a position for a new financial district, concentrated on the currency of the future. Putting Miami ahead and making it more competitive market to draw in businesses!

Anonymous
5 months ago

Yeah not clear on the cryptocurrency future [though I’m also not invested(:] but do see a huge potential for a blockchain ecosystem to be built out of Miami which could be transformative.

Azarius
5 months ago

Hey I made a few thousand last week on $Doge (bought in at $.005) soooo I’m holding to the long. There’s a lot of uncertainty but with so many uses I think it’s here to stay. And blockchain by itself is another beast with so many different ways it can be used! It’s all exciting stuff can really change the future of a lot of industries.

Anonymous
5 months ago

What uses does doge have besides speculation?

Anonymous
5 months ago

It doesn’t have any. No crypto really has any use other than ethereum I guess. Bitcoins legit if you look at it like digital encrypted gold and it can be a legitimate asset class, but other than that cryptos are just high stakes game of chicken in whos gonna sell first

Anonymous
5 months ago

Ya that digital gold argument will be put to the test with regulation and possibly additional taxation. Seems to only be a store of value when it goes up. Remember what happened to housing in 2008 after it was revealed that housing prices can in fact go down. Who knew?

BDub
5 months ago

Gold has industrial and decorative uses in addition to being a perceived store of value which crypto lacks.

Anonymous
5 months ago

The real test will be whenever we have another stock market crash. Stocks crash and people fly to bitcoin like they used to with gold during crashes then we’ll know, but nobody knows for sure and if they tell you they do they’re used car salesman that should be avoided. Anyone telling you its a breakthrough game changing technology is also lying. It’s damn near 15 years old and is not an evolving technology. What it is now is what it is.

Anonymous
5 months ago

If Miami does become a Crypto center as Mayor Suarez rightly would like, Miami-based companies have the opportunity to lead in DeFi (decentralized finance). One can dream at least.

Anonymous
5 months ago

Dream, hope…the reality is central banks and governments aren’t just going to roll the red carpet out for crypto. It’s a casino, just make sure you’re not the last one holding on…

Anonymous
5 months ago

It’s not the currency of the future except maybe in unstable countries with volatile currencies. Why would anyone use bitcoin in American when that same amount of bitcoin might be worth double a week later or worth half. There is nothing wrong with using USD, so anyone who thinks crypto is some solution is really just a solution without a problem.

Anonymous
5 months ago

I thought the federal reserve was simply going to replace all dollars with bitcoin and it’ll keep going up to a billion. I’m dreaming and hoping it keeps going up…

Anonymous
5 months ago

This will not be the currency of the future, despite what the Chinese are trying to do, ie, attempting to remove the US dollar as the gold standard of the world.

Anonymous
5 months ago

Educate yourself please

Anonymous
5 months ago

Can’t convince me bitcoin has any value besides speculation with “investors” only buying to sell to someone at a higher price aka greater fools theory.

Anonymous
5 months ago

Probably not. But not convincing you says a lot more about you than it does about Bitcoin.

Anonymous
5 months ago

Or does it?

Anonymous
5 months ago

Having Coinbase set up shop here, even as the center of a remote first structure, would be terrific. Hopefully Coinbase pays their rent and a the market for the cryptocurrencies stays strong.

Remember Banco de Venezuela? I’d rather have bought Bitcoin in 2012 when Coinbase was founded than to have bought bolívar fuerte!!!

Anonymous
5 months ago

You’re not kidding! Hope does seem to be the main “strategy” for crypto “investors” and ultimately time will tell what’s valuable and what’s not.

Anonymous
5 months ago

is this a joke, do you think internet has no value either!

Anonymous
5 months ago

I think the internet has immense value, crypto token currencies don’t make any sense to me. Blockchain technology seems to me like an incredibly valuable technology, I just don’t understand why the tokens have “value” themselves besides speculation. It sure feels good when they go up though…

Anonymous
5 months ago

Why does a Bolivar have value? Oops, it really doesn’t does it? Same evaluation process for any fiat currency. Most CBs are now pumping out currency. Meanwhile, the EU could easily fragment, so is the Euro really going to be a reserve currency in a decade? Maybe. Maybe not.

Anonymous
5 months ago

It’s easy to go down the rabbit hole and ask, well what is money? The reason fiat currencies have value is because the powers that be control its supply and demand (with interest rates) and if crypto seriously threatens that then they will react with regulation, so it’s just a matter of time before that happens. But until then it’s a free for all so get it while it’s hot because it won’t last forever…

Anonymous
5 months ago

Fax machine, CDs, calculators, Blockbuster, paper mail, …. they all are convincing concepts.

Anonymous
5 months ago

So maybe a hundred coinbase employees will move here

Anonymous
5 months ago

Better than none. Plus they’ll build the much needed tech ecosystem and spur future growth in Miami.

Anonymous
5 months ago

Welcome to the sunshine and crypto state!

Anonymous
5 months ago

It would be great (if even just moderately symbolic) to have Coinbase calling Miami home. The “remote first/Miami” Publicly Traded Company could add to an already robust international banking community.

Anonymous
5 months ago

Remote because they all work virtually remote from their homes in California, Austin, Charlotte, Atlanta and Dallas. Company will also be remotely headquartered here to benefit from tax loopholes. Don’t get excited over a 2 thousand square office with 5 employees

Anonymous
5 months ago

I don’t work for Coinbase, but still in IT, and you’re just partially right. I moved from Cali to Florida to work remotely and I know at least 5-6 people who also moved from Cali to work remotely here. It’s not a lot but at least something to start with

Anonymous
5 months ago

Francis Suarez might be one of the few competent and reasonable Republicans who can win voters on both sides of the aisle but even he couldn’t win a republican primary in today’s GOP.

Anonymous
5 months ago

Again is this aiding Miami black residents

Anonymous
5 months ago

No

Anonymous
5 months ago

How different is that to what white people had done historically? Stupidity has not color. Call it that: human stupidity. Questioning Bitcoin is a bigger white stupidity. No many blacks care about it here but in Africa is growing exponentially while we defend our fiat currency.

Anonymous
5 months ago

What’s your plan, mo money fo dem programz that haven’t worked and in fact done the opposite?

Anonymous
5 months ago

Who cares? Burdens on society.