FTX CEO Sam Bankman-Fried announced the transition of FTX US headquarters from Chicago to its Miami HQ in a tweet on Tuesday morning. FTX is a Bahamian cryptocurrency exchange, which was launched in May 2019, and FTX US, its American affiliate, was launched the next year, in 2020.
FTX US has been operating from the West Loop Neighborhood in Chicago, Illinois since 2020, and this year, on May 10, it announced that it had opened its new HQ at 167 N. Green St. in Fulton Market. The 9,000-square-foot Chicago headquarters housed 70 employees at that time.
Within just four months of that announcement, FTX US is transitioning to a new Miami location as its headquarters. The tweet by the Founder and CEO of FTX reads:
Really grateful to work with @zachdex, @_Ryne_Miller, and others to push forward in the US; and a heartfelt goodbye to @Brett_FTX as he transitions to an advisor and FTX US transitions to its Miami HQ! Being agile and coordinated is a core value–it’ll be great to be together.Twitter-@SBF_FTX
Miami’s mayor Francis Xavier Suarez, who is an ardent supporter of cryptocurrencies and blockchain technology, welcomed the move via his official twitter account.
Very honored to have your new US headquarters moving to the MIA. @FTX_Official is one of the most innovative companies on the planet and you @SBF_FTX are one of the most innovative technologists. Welcome HOME!@FrancisSuarez
It is interesting to note that FTX had previously moved their headquarters from Hong Kong to The Bahamas in September 2021. And just yesterday it was announced that FTX US president Brett Harrison is stepping down from his position, after one and a half year on the job.