Coinbase announces it will leave Delaware and re-register in Texas

According to official news, Coinbase has officially submitted documents to the U.S. Securities and Exchange Commission (SEC) announcing its relocation of corporate registration from Delaware to Texas. This decision marks Coinbase's entry into the ranks of several tech giants in recent years (such as Tesla and SpaceX under Musk) that have left Delaware.

In a statement, Coinbase said: "We chose Texas because it has become a hub for innovative companies. It is unfortunate that it has come to this, but Delaware has left us with no choice."

Delaware has long been the preferred state for company registration in the U.S., with over 60% of Fortune 500 companies registered there. In January 2024, Delaware Judge Kathaleen McCormick rejected Musk's Tesla compensation plan (valued at approximately $56 billion, later adjusted to $1 trillion), deeming it unfair to shareholders. This case triggered a chain reaction, with Musk publicly criticizing Delaware's judicial environment as "unpredictable."