Major crypto solutions provider Blockchain.com is moving its U.S. headquarters from New York to Miami in an attempt to spur aggressive growth over the next few years.
The $5 billion firm intends to hire 300 new full-time employees in the region over the next 18 months. The news broke a day before the city played host to the world’s largest Bitcoin conference, Bitcoin 2021.
Miami Mayor Francis Suarez made the announcement at City Hall with Blockchain.com CEO Peter Smith. He explained that not only will the move boost local employment but it will also be an investment in the local science, technology, engineering, and maths (STEM) community via educational programming. Suaraz said:
“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 cited a key driver of the move