Kraken Relocates Headquarters to Wyoming Following Launch of Prime Platform ⋅ Crypto World Echo
Cryptocurrency exchange Kraken has officially relocated itsglobal headquarters to Cheyenne, Wyoming. The decision follows several years ofinvolvement in the state’s digital asset initiatives.
The development follows Kraken’srecent launch of Kraken Prime, abrokerage platform for hedge funds, asset managers, and corporates. Itcombines trading, custody, and asset financing, aiming to meet the operationalstandards of traditional finance.
Wyoming Enacts Crypto Laws, Kraken Invests
Wyoming has developed a regulatory framework that isconsidered favorable to the crypto industry. The state has passed over 30 lawsrelated to digital assets. These include formal recognition of cryptocurrenciesas property and legal protections for private keys. The state has also launcheda fintech sandbox to support early-stage companies.
🇺🇸 JUST IN: Kraken has officially moved its U.S. headquarters to Wyoming, citing the state’s pro-crypto laws and low taxes.Co-CEO Arjun Sethi says Wyoming offers the most comprehensive legal framework for digital assets in the U.S. pic.twitter.com/6iG0IH10Nr
— Cointel Global Research Center (@Cointel_GRC) June 20, 2025
Kraken began investing in Wyoming in 2021. To mark its tenthanniversary, the company donated $300,000 to the University of Wyoming. Thegrant aimed to support programs focused on crypto education.
You may find it interesting at FinanceMagnates.com: Krakento Offer Tokenized U.S. Stocks on Solana Blockchain, Eyes Global Clients.
Senator Lummis Praises Kraken Relocation
Kraken has also participated in several state events. Itsponsored the Wyoming Blockchain Stampede and Hackathon, held at the Universityof Wyoming. In 2023, Kraken co-hosted the Wyoming Blockchain Symposium inJackson Hole. That event brought together industry professionals, lawmakers,and investors.
The move to Wyoming reflects Kraken’s long-standing interestin the state. The company cited Wyoming’s legal environment and crypto policyas factors in its decision. The company will continue to operate with aremote-first workforce.
Senator Cynthia Lummis, a supporter of cryptocurrencyregulation, welcomed the relocation. She described it as a sign of “Wyoming’sposition as America’s premier crypto hub.”
This article was written by Tareq Sikder at www.financemagnates.com.
