- Kraken relocates its global headquarters to Wyoming, embracing a regulatory-friendly environment for digital assets.
- Kraken users can stake native Bitcoin via Babylon and access stock trading through tokenized shares.
Kraken has officially named Cheyenne, Wyoming as their new global headquarters. Amidst a regulatory climate that often causes headaches, Wyoming is considered to have a much friendlier approach to digital assets. In fact, the state has already prepared more than 30 laws that support the development of blockchain and crypto.
If you imagine it as someone moving, Kraken is not only changing house but also entering an environment that understands their lifestyle better. Wyoming, with the support of figures such as Senator Cynthia Lummis, is considered one of the best places to innovate in the crypto industry.
The state also has big plans such as launching its own stablecoin and is even preparing a strategic Bitcoin reserve—very serious.
Kraken itself is actually not new to Wyoming. They have had an SPDI license since 2020, so this relocation can be said to only strengthen the relationship that has been built for a long time.
And interestingly, even though they still adhere to a remote-first work style (having previously closed their office in San Francisco), the official presence in Cheyenne is still a strong signal: Kraken wants to maintain a real foothold amid regulatory uncertainty.
Kraken Expands Beyond Borders With Features That Redefine Access
On the other hand, Kraken is not only busy with relocation. In the past few months, they have continued to release new features that have raised the eyebrows of crypto users—in a positive sense, of course.
CNF previously reported that Kraken users can now stake Bitcoin directly on the original network, without the need for wrapping, bridging, or cross-chain tricks. Everything is done through Babylon, and users will be rewarded in the form of BABY tokens. There is a 7-day unbonding period, but for those who really intend to hodl, this is like a bonus while waiting.
Furthermore, Kraken’s collaboration with Mastercard is also being widely discussed. Through the Kraken Pay feature, users in the UK and EU can now make crypto payments at more than 150 million transaction points.
And what makes it even more interesting is that the “Kraktag” feature—which allows crypto transfers as easy as sending a message—has been used by more than 200 thousand people in just three months. Kraken Pay also supports more than 300 currencies, from fiat to crypto.
Not only that, Kraken has also partnered with Backed Finance and the Solana Foundation to launch xStocks, a tokenization of popular US stocks such as Apple, Tesla, and Nvidia on the Solana blockchain.
This opens up opportunities for 24/7 stock trading outside the US, including Europe, Asia, and Latin America. Imagine being able to buy Tesla shares from your phone, while sitting in a coffee shop, without having to wait for the stock exchange to open.
