10:08 AM EST, 11/12/2025 (MT Newswires) -- Coinbase Global ( COIN ) said Wednesday that it has filed with the US Securities and Exchange Commission that the company will leave Delaware and will reincorporate in Texas.

With the change, the internal affairs of the cryptocurrency platform will cease to be governed by Delaware law and will instead be subject to Texas law, Coinbase said in its SEC filing.

The reincorporation will not result in any change in business, location of any of its offices or facilities, number of employees, obligations, assets, liabilities or net worth, the company said.

Coinbase added that its board approved and recommended that shareholders approve and adopt the reincorporation.

Shares of the company were up over 2% in recent Wednesday trading.

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