Kraken Moves HQ to Wyoming for Pro-Crypto Policies

- The cryptocurrency exchange relocates to benefit from Wyoming's favorable regulatory environment. - The move reaffirms Kraken’s commitment to U.S.-based crypto innovation. On June 20, 2025, Cointelegraph reported that Kraken relocated its global headquarters to Cheyenne, Wyoming. Kraken cited the state's progressive digital asset regulations for this strategic decision. On June 20, AInvest and Cryptopolitan also reported on the relocation. Furthermore, on the same day, Kraken's own blog confirmed the move, emphasizing that Wyoming’s supportive regulatory environment and proactive crypto policies were the driving factors. Wyoming has been a leader in digital asset policy for nearly a decade, creating an ideal environment for companies like Kraken. The exchange also highlighted the advocacy efforts of Wyoming Senator Cynthia Lummis as a significant factor in its decision. Three years prior, Kraken closed its office in San Francisco due to safety concerns for its employees. While the exchange will continue to maintain a globally distributed and remote-first workforce, the move to Cheyenne signifies Kraken's commitment to fostering innovation within the U.S., aligning the company with a jurisdiction that prioritizes clear and consistent regulations. According to CoinMarketCap on June 20, at 12:00 UTC, Bitcoin (BTC) was trading at $34,237, and its 24-hour trading volume had increased by 4.5%. Moving forward, Kraken anticipates that its new headquarters in Cheyenne will benefit both its employees and operational strategies. This expectation is largely driven by the favorable regulatory climate Wyoming offers for digital assets.