Tag: Kraken

Kraken CEO Clashes with U.S. Bankers Over Stablecoin Yields

Quick Breakdown Kraken CEO David Ripley challenges the American Bankers Association’s warning against stablecoin interest products. ABA’s Brooke Ybarra claims stablecoin yields could drain trillions from bank deposits and threaten financial stability. Ripley calls the stance “moat building,” saying banks aim to protect profits instead of promoting competition and consumer ...

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Kraken Q2 Earnings Climb 18% as Exchange Leans Into Tokenized Stocks and TradFi Services

Kraken reported robust results for the second quarter of 2025 with revenues hitting $412 million—an 18% increase from the prior year. Despite this surge in topline growth, the platform’s adjusted earnings softened, sliding 7% year-over-year to $79.7 million, underscoring Kraken’s heavy investment in product diversification and infrastructure expansion. Trading volumes ...

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FBI Concludes Inquiry into Kraken Founder Jesse Powell; Devices Returned with No Impact on Exchange

The FBI has officially concluded its investigation into Jesse Powell, founder of the cryptocurrency exchange Kraken, and has returned the devices it had previously seized from him. This development closes a chapter of uncertainty surrounding Powell, a prominent figure known for advocating privacy and regulatory clarity in the crypto industry. ...

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    ETH $2,352.57 -1.55% NU $469.04 +0.00% POLY $792.15 +0.00% APE $748.09 +0.00% FET $226.49 +0.00% ARPA $160.56 +0.00% GTC $2,668.91 +0.00% FORTH $4,194.39 +0.00% PLU $2,124.48 +0.00% MLN $10,448.26 +0.00% ETH $2,352.57 -1.55% NU $469.04 +0.00% POLY $792.15 +0.00% APE $748.09 +0.00% FET $226.49 +0.00% ARPA $160.56 +0.00% GTC $2,668.91 +0.00% FORTH $4,194.39 +0.00% PLU $2,124.48 +0.00% MLN $10,448.26 +0.00%