India, Nov. 13 -- Coinbase has joined Tesla and other major companies in what experts refer to as the 'Dexit' movement, in which businesses leave Delaware for more favorable states. Coinbase Global Inc., America's largest crypto exchange, announced on Wednesday, November 12, that it has planned to move its corporate home from Delaware to Texas.

The move was approved by the company's board on October 29. There was 78.4% of voting power supporting the change, according to bravenewcoin.com.

Chief Legal Officer Paul Grewal announced the news in an X post. "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 employe...