Kraken has announced plans to delist five stablecoins, including Tether’s USDT, in response to the European Union’s Markets in Crypto-Assets Regulation (MiCA). The move is aimed at ensuring compliance with the new regulatory framework as the EU tightens oversight on digital assets. The delisting process will take place in stages, ...
Kraken has reported a significant financial performance for 2024, with revenue surging to $1.5 billion, a 128% increase from the previous year. The company also recorded $380 million in adjusted EBITDA, reflecting its strong market position and operational efficiency. According to the exchange, client assets on the platform reached $42.8 ...
Kraken is stepping up to assist former FTX clients by offering trading incentives as part of the fund distribution process following FTX's collapse. Eligible users who choose the crypto exchange to receive their payout will gain access to up to $50,000 in fee-free crypto trading on Kraken Pro, the platform ...
A recent survey by Kraken involving 2,537 Americans revealed that 55% of respondents, regardless of their crypto ownership status, recognize the practical applications of cryptocurrency. However, 29% remain uncertain about its long-term viability, highlighting lingering scepticism in the market. Among current crypto holders, optimism prevails, with 73% expressing their intent ...
The Australian Securities and Investments Commission (ASIC) has fined Bit Trade, the local operator of the Kraken crypto exchange, of AUD 8 million (approximately USD 5.2 million) for illegally providing credit facilities to over 1,100 customers. The announcement was made on December 12. According to the regulators, In October 2021, ...
Bitwise Asset Management predicts that 2025 will be a landmark year for cryptocurrency companies going public, with at least five “crypto unicorns” expected to launch Initial Public Offerings (IPOs). In their “10 Crypto Predictions for 2025” report, Bitwise’s Chief Investment Officer, Matt Hougan, and Head of Research, Ryan Rasmussen, have ...
A recent survey of 1,248 cryptocurrency investors highlights the profound influence of emotions on investment decisions. According to Kraken, 84% of respondents admitted to investing due to fear of missing out, while 81% were swayed by fear, uncertainty, and doubt. Kraken noted that the findings indicate a "significant majority of ...
A California federal judge has denied crypto exchange Kraken’s request to appeal a ruling that allows the U.S. Securities and Exchange Commission (SEC) lawsuit against it to proceed. The decision, issued by Judge William Orrick on November 18, explains the court's stance that the SEC has sufficiently alleged that Kraken ...
Dutch payment technology firm Quantoz Payments has announced the launch of two new stablecoins, EURQ and USDQ, set to go live in Europe on November 21. According to a November 18 press release, EURQ and USDQ are fully backed on a one-to-one basis by fiat reserves and highly liquid financial ...
A consortium of cryptocurrency and traditional finance companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, has been established to back the latter's newest stablecoin offering, the Global Dollar (USDG). According to a statement released on November 5 by Paxos, the newly established "open network", called "The Global Dollar Network," aims ...
