, but you'll notice something unique about the company: it doesn't have a physical headquarters.
The company's lack of established headquarters has gotten the startup into hot water with regulators, who say it makes oversight more difficult. But the exchange isn't the only crypto company that has deemed an HQ unnecessary — Coinbase also recently got rid of its San Francisco home base in favor of going fully remote.
In recent months, crypto companies have started paving the way for a departure from the sprawling, perk-heavy, glitzy headquarters of Web2 companies like Apple, Google, and Meta, which have devoted billions to Silicon Valley command centers. But their Web3 successors, imbued with the remote-first tenets of the decentralized movement — and bolstered by the rise of remote work during the pandemic — could spell the death of the HQ, which has always served as a physical beacon of the booming tech world.A sign reading"Initial Chocolate Offering" is hung in Coinbase's San Francisco office in 2018.Coinbase may have gone HQ-less, but it wasn't always that way.
Currently, Binance's parent company, Binance Holdings, appears to be incorporated in the Cayman Islands, where authorities told thethat if Binance wanted to get along with global regulators, the company would probably need to establish some sort of physical home base and become a centralized entity.at the time."We are making changes to make it easier to work with regulators."in April that Binance will be announcing a location for a true HQ"very soon.
I have already seen some Commercial RE razed for Residential. There is no land shortage, just NIMBY's and Banks trying to protect their equity.
Apple could turn the giant circle in Austin into a homeless shelter or immigrant detention mansion. You know, do as they speak.
Also, extradition treaties.