Kraken Relocates U.S. Headquarters to Wyomings Crypto-Friendly City: Reflecting the States Pro-Crypto Policy Environment
Cryptocurrency exchange Kraken has officially relocated its U.S. headquarters to Wyoming, a state renowned for its favorable regulatory environment for the cryptocurrency sector. The decision was primarily driven by Wyoming's robust and forward-thinking regulatory framework, which includes over 30 laws specifically tailored to the cryptocurrency industry.
"Wyoming has established the most comprehensive and technically coherent legal framework for digital assets in the country," said Kraken co-CEO Arjun Sethi in a statement. "Our global headquarters is now officially in Cheyenne, reinforcing our commitment to U.S.-based crypto innovation."
Wyoming has been at the forefront of regulating digital assets, treating crypto as property, establishing a fintech sandbox for testing, and protecting users from disclosing their private keys. The state's pro-crypto leadership and favorable policy environment have attracted companies like Kraken, which has been involved with the state since at least 2021 when it gave a $300,000 grant to the University of Wyoming for crypto education.
The company also sponsored the Wyoming Blockchain Stampede and co-hosted the state's first-ever Blockchain Symposium last year in Jackson Hole. Senator Cynthia Lummis, a long-time advocate for Bitcoin and digital asset policy, expressed her excitement about the development. "Kraken's decision to move to the Equality State underscores Wyoming's innovative approach," Lummis said.
While Kraken remains a globally distributed and remote-first company, its deeper physical presence in Wyoming reflects the favorable policy environment the state is creating. This further positions Wyoming as the de facto capital of American crypto regulation.
Kraken's move to Wyoming's crypto-friendly city was first reported by TheStreet on Jun 20, 2025. This story was originally published by TheStreet on the same date.
