Last updated Nov 29, 2025
governmentmarkets
Due to U.S. regulatory pressure, Coinbase CEO Brian Armstrong will relocate Coinbase’s corporate base of operations outside the United States, likely to a jurisdiction in the Middle East or a Caribbean island, in order to preserve enterprise value.
And that's really the easiest path to resolution here. So we don't have Brian Armstrong move his company to the Middle East or, you know, an island in the Caribbean, which is what he's going to do, I predict.View on YouTube
Explanation

Jason predicted that, due to U.S. regulatory pressure, Coinbase CEO Brian Armstrong would move Coinbase’s corporate base of operations out of the United States, likely to the Middle East or a Caribbean island.

What actually happened:

  1. Armstrong explicitly said Coinbase would not relocate overseas. In May 2023 he publicly rowed back earlier hints and stated that “Coinbase is not going to relocate overseas” and that the company would always maintain a U.S. presence, emphasizing long‑term commitment to the U.S. market. (cnbc.com)

  2. Coinbase remains a U.S. company and has not shifted its corporate base abroad. Coinbase Global, Inc. continues to be a U.S.-based, publicly listed company; its primary corporate identity and operations remain anchored in the United States. (en.wikipedia.org)

  3. The main legal move was from one U.S. state to another, not overseas. In November 2025, Coinbase announced it would move its legal incorporation and headquarters structure from Delaware to Texas, citing Texas’s more favorable corporate and regulatory environment. This is an intra‑U.S. move, not a relocation to the Middle East or Caribbean. (reuters.com)

  4. International expansion did occur, but only via subsidiaries, not by moving the corporate base. Coinbase launched Coinbase International Exchange in Bermuda and built it out as an offshore derivatives platform for non‑U.S. clients, describing Bermuda as one of its international hubs. This is framed as global expansion while remaining “committed to the U.S.”, not as a shift of the parent company’s headquarters or corporate domicile. (coinbase.com)

  5. No evidence of a Middle East or Caribbean HQ move. While Armstrong has praised jurisdictions like the UAE and said Coinbase is interested in investing more internationally, he has simultaneously affirmed that leaving the U.S. is “not even in the realm of possibility” and that there is no contingency plan to relocate the company out of the U.S. (cointeeth.com)

Given that, as of November 30, 2025, Coinbase has not moved its corporate base of operations out of the United States—let alone to the Middle East or a Caribbean island—the prediction did not come true.