Dutch neobank Bunq, the second-largest in the European Union, is making a major move into the crypto market through a new partnership with leading exchange Kraken. Serving over 17 million users across Europe, the fintech firm is launching "Bunq Crypto," a trading platform that will initially debut in six countries: ...
Kraken exchange is set to acquire NinjaTrader, a U.S. retail futures trading platform, in a deal worth about 1.5 billion. According to sources reported by The Wall Street Journal, an official announcement is expected on Thursday, March 20. The acquisition would enable Kraken to capitalize on NinjaTrader’s Futures Commission Merchant ...
FTX creditors are set to receive another round of repayments, with cryptocurrency exchange Kraken confirming that distributions will begin on May 30. This second round of payouts will cover small and large claims, including those exceeding $50,000, as revealed by FTX creditor representative Sunil in an X post. According to ...
Kraken is planning to re-enter the Indian market. They have appointed Vishesh Khurana, co-founder of Shiprocket, as an advisor to lead local operations. This indicates Kraken's commitment to working with Indian regulators and obtaining required compliance licenses. The San Francisco-based cryptocurrency exchange and eight other platforms were banned in early ...
Jesse Powell, co-founder of cryptocurrency exchange Kraken, has filed a lawsuit against the co-op board of a luxury apartment building in San Francisco, alleging they blocked his attempt to purchase a home due to bias against his ties to the crypto industry and conservative causes. The lawsuit filed on February ...
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, ...
