Coinbase's legal chief wrote in a Wall Street Journal op-ed that the crypto platform is moving its state of incorporation to Texas.

Coinbase's legal chief wrote in a Wall Street Journal op-ed that the crypto platform is moving its state of incorporation to Texas.

Cryptocurrency firm Coinbase will leave Delaware and reincorporate in Texas. It was unanimously approved and recommended by the Coinbase board.

Coinbase became the latest high-profile company to announce plans to reincorporate outside of Delaware, but it's still a very rare move.