Coinbase Is Leaving Delaware After Tesla and A16z, But Why?
The post Coinbase Is Leaving Delaware After Tesla and A16z, But Why? appeared com. Coinbase plans to relocate its corporate registration from Delaware to Texas, citing the state’s more efficient and predictable legal framework. The move marks a broader shift as companies increasingly challenge Delaware’s long-standing dominance in corporate law. Sponsored Sponsored Companies Exit Delaware En Masse The company filed with the Securities and Exchange Commission (SEC) on Wednesday to reincorporate in Texas, describing the move as a strategic step. “I’ve had great experiences in Delaware as a lawyer and judicial colleague, but the state no longer has a monopoly on corporate law. And it’s now facing stiff competition from other states that are innovating to offer the right environment for business and innovators to thrive,” Coinbase’s Chief Legal Officer Paul Grewal said in a social media post. Delaware has long been the preferred home for US corporations, housing nearly two million registered entities and more than half of all publicly traded companies in the United States. In recent years, however, that dominance has started to erode. Today @Coinbase is announcing our decision to leave Delaware and reincorporate in Texas. This decision was not made lightly, but we’ll always do what’s best for our customers, our employees, and our shareholders. 1/6 paulgrewal. eth (@iampaulgrewal) November 12, 2025 Coinbase now joins Tesla, SpaceX, Andreessen Horowitz, Roblox, and Dropbox in relocating to other states, mainly Texas and Nevada. They cited concerns over unpredictable court rulings and stricter oversight as key reasons for the move. Texas has recently modernized its business statutes, establishing a specialized business court and codifying stronger protections for company leaders. These changes aim to increase consistency and reliability in corporate governance. Sponsored Sponsored Delaware officials have reportedly acknowledged the trend, with Governor Matt Meyer stating that the state is actively reaching out to companies to address their concerns and regain their trust. Is.
