Despite Coinbase departure, only 28 companies have left Delaware this year

Why Coinbase Is Leaving Delaware

We're reincorporating in a state whose legal climate is far friendlier to business.

Despite Coinbase departure, only 28 companies have left Delaware this year

Coinbase became the latest high-profile company to announce plans to reincorporate outside of Delaware, but it's still a very rare move.

Despite High-Profile Exits, Only 28 Companies Have Left Delaware This Year

The number of companies choosing to leave Delaware remains small, despite public pressure from Elon Musk and recent high-profile departures. Coinbase became the latest to move its state of incorporation, announcing this week that it will shift from Delaware to Texas. Musk has urged firms to follow Tesla and SpaceX in exiting Delaware, claiming the state is “bleeding companies.” Today @Coinbase is announcing our decision to leave Delaware and re…

Despite Coinbase's departure, only 28 companies have left Delaware this year

CEO of cryptocurrency platform Coinbase Brian Armstrong attends a reception at Buckingham Palace, central London, on November 27, 2023, to mark the conclusion of the Global Investment Summit (GIS). (Photo by Daniel LEAL / POOL / AFP) (Photo by DANIEL LEAL/POOL/AFP via Getty Images) Daniel Leal | Episode | Getty Images Elon Musk has been […]