Sources: FTX US Encourages Staff to Relocate to New Miami Headquarters

While FTX’s other offices in the United States are not fully closing down, they are being downsized as the startup looks to concentrate its workforce in Miami, the sources said. The move is about getting staff in the same place and ensuring they can communicate well, one person added.

Currently, most of the available roles on FTX’s careers page are based in Miami. Previously, Sam Bankman-Fried, FTX’s CEO, announced that the exchange would be shifting its U.S. headquarters from Chicago to Miami in a tweet in September.