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By: Tyrone Jackson2021-06-08
eToro will be moving its US hub to Miami, Florida and it had already started looking for an office space that can accommodate around 50 employees.
This announcement was made during the Bitcoin 2021 Conference after Blockchain.com, a cryptocurrency exchange, had a similar announcement that they will be transferring their headquarters from New York.
As per Guy Hirsch, the US managing director for eToro, the increasing number of players in the finance and cryptocurrency markets moving to Miami was among the reasons why the brand decided to make the move. This was also complemented by Miami Mayor Francis Suarez’s push to transform the “magic city” into a tech innovation hub.
Mayor Suarez was able to make a comment on this announcement:
eToro’s commitment to Miami furthers the narrative that this is not a moment but a movement, and we are on our way to becoming the “Capital of Capital”.
Do take note that eToro’s future US headquarters will not abolish the current office that they have in Hoboken, New Jersey. Both offices will exist to share duties that will cater for its US clients.
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