Kraken

Highlights: Kraken remains in negotiations to acquire Deribit, valued between $4 billion and $5 billion. Coinbase is also exploring a potential acquisition of Deribit to expand its trading services. Kraken reported $1.5 billion in revenue in 2024 despite increased regulatory […]

Highlights: FTX will distribute funds to creditors under $50,000 starting February 18, 2025. FTX partnered with Bitgo and Kraken to distribute funds, bypassing direct payments. The firm found $345 million in non-KYC claims under $50,000, stressing compliance and fraud prevention. […]

Highlights: Kraken secures EU MiFID license after acquiring a CySEC-approved Cyprus investment firm. The license allows Kraken to offer regulated crypto derivatives in select European markets. Kraken strengthens its European presence with EMI and VASP licenses from Ireland, Spain, and […]

Highlights: Uphold resumed crypto staking in the UK after a Treasury update removed staking from strict investment regulations. Users can now stake ETH, SOL, and NEAR on Uphold with rewards up to 14.8% based on market conditions. Kraken also restarted […]

Highlights: The judge confirmed the SEC’s authority in the Kraken case and rejected the “major questions” argument. Kraken expands globally despite SEC lawsuits, plans EU entry, IPO, and partnerships. SEC pushes crypto regulation while lawsuits target Kraken, Coinbase, and Binance […]

Highlights: Judge rejects Kraken appeal as SEC lawsuit continues over unregistered crypto trading.   Kraken claims on investment contracts dismissed with discovery to decide compliance.   BIT Mining pays $14M in penalties for bribery and corruption charges.   A California judge has rejected […]

Highlights: The SEC has filed a new appeal, challenging Kraken’s earlier defense application in September. The regulatory body filed the new application on November 5, which seemed to portray disregard for American presidential elections. Reacting to the new development, Kraken’s […]

Highlights: Leading fintech firms launched the Global Dollar Network to promote stablecoin adoption using Paxos’s USDG. USDG will initially be available on select platforms, with access expanding in the coming months. The network will tackle high transaction costs and improve […]

Highlights: Kraken launches licensed crypto derivatives brokerage for wholesale clients in Australia, enhancing institutional access to crypto markets. The new service offers over 200 tradable assets with multi-collateral support, adhering to strict regulatory compliance. Kraken expansion in Australia follows regulatory […]

Highlights: Kraken has elicited a workforce overhaul that involved laying off some workers and promoting some. Arjun Sethi became a co-CEO at Kraken as the exchange seeks new heights in the global market. The co-CEOs spoke on eliminating layers while […]

Highlights: Kraken launches own Wrapped Bitcoin token, kBTC, fully backed 1:1 by Bitcoin, expanding its utility on Ethereum and OP Mainnet. kBTC enables Bitcoin holders to interact with DeFi applications, bridging Bitcoin with other blockchain networks. To ensure security and […]

Highlights: Mt. Gox extends creditor repayment deadline to 2025, easing immediate concerns in the crypto market. Creditors still face challenges in the repayment process as Mt. Gox struggles with delays and complications. The collapse of Mt. Gox in 2014 due […]