Kraken relocates headquarters to Wyoming

Our world headquarters is now formally in Cheyenne, Wyoming, affirming our dedication to U.S.-based crypto innovation. Famend as a pioneer in crypto regulation, Wyoming is residence to many forward-thinking policymakers and entrepreneurs who acknowledge the unimaginable potential of the know-how.

Wyoming’s dedication to innovation is each seen and intensive. The state has enacted over 30 crypto-specific legal guidelines, starting from the formal recognition of digital property as property, to the institution of a devoted fintech sandbox, to protections towards compelled disclosure of personal keys.

This trail-blazing method to crypto regulation shortly caught our consideration and put the Equality State on the map as a crypto hub. 

These progressive legal guidelines additionally impressed our early funding in Wyoming’s rising digital asset ecosystem. In 2021, to have a good time our tenth anniversary, we awarded a $300,000 grant to the College of Wyoming in assist of instructional initiatives getting ready college students for the fast-growing crypto economic system.

Wyoming U.S. Senator Cynthia Lummis and Kraken co-CEO Arjun Sethi

Now we have additionally sponsored the Wyoming Blockchain Stampede and Hackathon at UW, serving to flip the campus right into a hotbed of real-world crypto experimentation. These investments within the state crypto ecosystem have additional deepened our presence in Wyoming.

Constructing on that basis, final 12 months we co-hosted the first-ever Wyoming Blockchain Symposium in Jackson Gap. The occasion introduced collectively 250 main builders, buyers, and policymakers to catalyze forward-thinking crypto regulation, foster institutional understanding of the asset class and create a extra decentralized monetary system.

Wyoming’s pro-crypto surroundings made it a uniquely well-situated backdrop for these essential conversations.

Now, virtually 4 years after our preliminary curiosity in Wyoming, it’s time to additional deepen our native presence by setting down roots in Cheyenne. This transfer doesn’t change our globally distributed and remote-first workforce, it’s recognition of the pro-crypto policymakers and constructive laws which have made us really feel at residence.

From Senator Cynthia Lummis’ tireless advocacy on behalf of Bitcoin and the crypto trade, to the quite a few state legal guidelines that drive accountable innovation, Wyoming has confirmed there is no such thing as a state higher fitted to Kraken’s headquarters.

“Wyoming has been on the forefront of digital asset coverage for almost a decade and has created the proper surroundings for digital asset corporations to thrive,” stated Lummis. “Kraken’s choice to relocate to the Equality State is a testomony to Wyoming’s forward-thinking method and reinforces Wyoming’s place as America’s premier crypto hub.”

Keep tuned as we proceed to innovate, evolve, and redefine the way forward for cash and finance, now from Cheyenne, Wyoming.