In Cheyenne, Wyoming, Kraken, a major cryptocurrency exchange, announced the relocation of its global headquarters. This move, announced on March 27, 2025 (Source: Axios, AP News), marks the exchange's first physical office since closing its San Francisco operations in 2022.
This strategic decision highlights Wyoming's favorable regulatory environment for digital assets. The state has been a leader in digital asset policy for nearly a decade, according to Senator Cynthia Lummis.
Wyoming's commitment includes the launch of WYST, a state-backed stablecoin, in 2025, on multiple blockchains. This initiative positions Wyoming as a hub for digital asset innovation, attracting more crypto businesses.