Crypto Giant Coinbase Flees Delaware, Joins Mass Corporate Exodus

Coinbase, the largest U.S.-based cryptocurrency exchange, announced Wednesday it is leaving Delaware, the state where it is incorporated, and reincorporating in Texas, citing an increasingly unpredictable and anti-business legal climate in Delaware.

“It’s a shame that it has come to this,” wrote Paul Grewal, Coinbase’s chief legal officer, in an op-ed for The Wall Street Journal.

“But Delaware has left us with little choice.”