The crypto firm Strike flees the United States to settle in El Salvador

Due to a particularly strict regulatory policy in the United States, many crypto firms have expressed their desires elsewhere. This is particularly the case of Binance or even Coinbase which finally changed its mind. Strike meanwhile, takes the plunge!

Strike, attracted by El Salvador’s favorable crypto regulation?

The payment company specializing in bitcoin (BTC) Strike will settle in El Salvador, an openly pro-crypto country. The information was made official by Jack Mallersthe co-founder of Strike, at the Bitcoin 2023 conference, held in Miami.

Of course, the reasons for this choice raise questions. Mallers did not hide them. They are in fact deeply connected to the regulatory situation of the US crypto market. A regulation made, among other things, of all-out legal proceedings against crypto firms.

But it is not the only reason. The company is expanding to reach an increasingly globalized market. A fact that stakeholders integrate into their growth strategy. Thus, the relocation of the Strike, from the American market to that of El Salvador, is strategic.

It actually allows the firm to conquer a much larger market now covering 65 countries around the world. This, while the platform’s activities have so far been limited to three countries, namely Argentina, the United States and El Salvador.

“We currently live in a country where the SEC is fighting with Brian Armstrong [le PDG de Coinbase, le plus grand exchange crypto d’Amérique]. And we are going global, with headquarters in El Salvador. It’s really super great, it’s really a beautiful thing ”Mallers said during Bitcoin 2023.

Moreover, we imagine that the leaders of Strike were seduced by the policy, openly pro bitcoin, of El Salvador. And there is reason since Nayib Bukele, the Salvadoran president, regularly praises the merits of the asset. In particular, in the fight against inflation which regularly affects the country’s economy.