Coinbase’s Texas Move Wins Dismissal of Shareholder Suit Over Delaware-Era Claims

A Delaware court dismissed a shareholder lawsuit against Coinbase after the exchange shifted its legal domicile to Texas, ruling that plaintiffs must first make a written board demand.

The October 2 order did not rule on director misconduct but highlighted the procedural hurdle, potentially shielding Coinbase from similar suits while the case returns to shareholders for a proper demand. The decision underscores the growing trend of crypto firms reincorporating in business‑friendly states to mitigate litigation risk.