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Kraken Relocates Headquarters to Wyoming Following Launch of Prime Platform
- Cryptocurrency exchange Kraken has relocated its global headquarters to Cheyenne, Wyoming.
- The move follows Kraken's involvement in the state's digital asset initiatives.
- Kraken recently launched the Kraken Prime platform for hedge funds and asset managers, offering trading, custody, and asset financing services.
- Wyoming has enacted favorable crypto laws, including over 30 laws related to digital assets.
- The state provides legal recognition for cryptocurrencies as property and protections for private keys.
- Wyoming also established a fintech sandbox to support early-stage companies.
- Kraken donated $300,000 to the University of Wyoming in 2021 as part of its investment in the state.
- Kraken participated in Wyoming Blockchain events, like the Stampede, Hackathon, and Blockchain Symposium, in recent years.
- The move to Wyoming aligns with Kraken's interest in the state's legal environment and crypto policies.
- Kraken will maintain a remote-first workforce despite the headquarters relocation.
- Senator Cynthia Lummis, a proponent of crypto regulation, praised Kraken's relocation as a sign of Wyoming's prominence in the crypto industry.
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