Kraken has moved its HQ to Wyoming, citing environmental regulation

The Cryptocurrency Exchange Kraken has moved its global chief to Cheyenne, Wyoming, more than three years after the shutter of operations in San Francisco.

In a post on Friday’s blog, Kraken Says It is “acknowledging pro-crypto policies and developing regulations” that have contributed to its transfer to Wyoming. The company noted Wyoming Senator Cynthia Lummis’ Crypto advocacy on the US state and Congress affecting its decision to move its headquarters.

“Wyoming has been ahead of digital asset policy for almost a decade and created the perfect environment for digital asset companies that have evolved,” Lummis said. “Kraken’s decision to move to the state of equality was a testament to Wyoming’s forward-thinking approach and strengthened Wyoming’s position as America’s main hub.”