Coinbase Global, Inc. has officially completed its reincorporation from the State of Delaware to the State of Texas, effective December 15, 2025. This corporate move changes the company's legal domicile and governing laws to those of Texas. Coinbase stated the transition does not impact its business operations, management, assets, liabilities, or stock trading symbol.
Key Details
- Event: The company's state of incorporation changed from Delaware to Texas.
- Effective Date: The reincorporation became effective on December 15, 2025, at 5:00 p.m. Eastern Time.
- Impact on Stock: All outstanding Class A and Class B common stock automatically converted on a one-for-one basis into shares of the new Texas corporation. The stock continues to trade on the Nasdaq under the symbol "COIN".
- Business Impact: The company disclosed that the reincorporation resulted in no changes to its business, management, jobs, or facilities. All material contracts remain in effect, and the company's internal affairs are now governed by Texas law.