Cryptocurrency Exchange Kraken has moved its world headquarters to Cheyenne, Wyoming, more than three years after the triggering of operations in San Francisco.
In a blog article on Friday, Kraken said that it was “the recognition of pro-Crypto decision-makers and constructive regulations” which contributed to his visit to Wyoming. The company quoted the advocacy in terms of cryptography of senator Cynthia Lummis in the American state and the Congress of Senator Cynthia Lummis in the American State and in the Congress on her decision to move her headquarters.
“Wyoming has been at the forefront of digital asset policy for almost a decade and has created the perfect environment for digital asset companies to prosper,” said Lummis. “Kraken’s decision to move to the state of equality testifies to the avant-garde approach to Wyoming and strengthen the position of Wyoming as the first American crypto hub.”
Kraken’s opinion followed an announcement of the CEO of the time, Jesse Powell, who said in 2022 that the headquarters of the exchange left San Francisco “after many employees had been attacked, harassed and stolen from the office.”
The Wyoming government plans to issue its own stablecoin and proposed plans for a Bitcoin Strategic Reserve (BTC), making it one of the more friendly American states for cryptographic policies.
In relation: Kraken Powell claims in the trial that he was denied housing due to cryptographic links
Since leaving San Francisco, Kraken has worked without brick and mortar headquarters, many employees working remotely for exchange. Cointelegraph contacted a spokesperson for Kraken to comment but had not received an answer at the time of the publication.
“(T) his big news for Wyoming,” said Caitlin Long, founder and CEO of the Custodia Bank, in a Friday X Post. “Kraken is probably the most precious company whose head office is now in Wyoming now (…)”
https://www.youtube.com/watch?v=kcu1dckvabi
Decentralized crypto and remote -controlled business busines
Although many cryptocurrency companies have physical offices and a headquarters, some have passed almost completely decentralized, employees based worldwide working from their homes or offices on the ground.
Binance, one of the biggest exchanges in the world, has a portfolio company in Malta, but apparently would have no headquarters since its departure from Japan in 2018. Coinbase, also previously its headquarters in San Francisco, closed its offices in 2022 as part of a “distant” strategy.
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