Coinbase, the largest crypto exchange in America, is moving its headquarters from Delaware to Texas due to a more crypto-friendly environment and better legal predictability. CEO Brian Armstrong cited Texas’ culture of celebrating economic growth and embracing crypto as key factors in the decision.

Delaware’s Chancery Court, once known for settling corporate disputes, has seen unpredictable outcomes in recent years, prompting companies like Coinbase to seek more stability in states like Texas. Other major U.S. companies like Tesla and Charles Schwab have also relocated to Texas for business-friendly regulations and lower taxes.

Coinbase, a Nasdaq-listed company that went public in 2021, recently signed a deal with JPMorganChase to allow customers to buy crypto more easily. The company also filed for a National Trust Company Charter to enhance its services. Despite trading above $303, Coinbase shares have seen a 14% drop in the past month.

Read more at Yahoo Finance: Coinbase to Leave Delaware for Bitcoin-Friendly Texas