Cryptocurrency exchange Kraken has officially moved its U.S. headquarters to Wyoming. The decision was primarily based on Wyoming’s strong and future-oriented regulatory environment.
This move is a significant endorsement of Wyoming’s crypto-friendly regulatory landscape, which encompasses over 30 laws specifically tailored to the cryptocurrency sector, as per the company’s blog.
“Wyoming has built the country’s most comprehensive and technically coherent legal framework for digital assets,” Kraken co-CEO Arjun Sethi said in a statement. “Our global headquarters is now officially in Cheyenne, affirming our commitment to U.S.-based crypto innovation,” he added.
Wyoming has been at the forefront of regulating digital assets, with legislation that treats crypto as property, establishes a fintech sandbox for testing, and protects users from disclosing their private keys.
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Kraken 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 continued to promote cryptocurrency in the state by sponsoring the Wyoming Blockchain Stampede and co-hosting 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, said she was excited about the development. “Kraken’s decision to move to the Equality State underscores Wyoming’s innovative approach,” Lummis said.
Kraken stated that, while it remains a globally distributed and remote-first company, the company’s deeper physical presence in Wyoming reflects the favorable policy environment the state is creating, as well as the pro-crypto leadership from the state. This also further positions Wyoming as the de facto capital of American crypto regulation.
Kraken relocates US headquarters to Wyoming’s crypto-friendly city first appeared on TheStreet on Jun 20, 2025
