Kraken

Kraken, a leading cryptocurrency exchange, is reportedly laying off 15% of its employees amid the internal restructuring the firm announced on Wednesday. According to sources close to the company that The New York Times (NYT) spoke to, the layoffs affect about 400 of Kraken’s approximately 2,600 employees and include key leadership exits, including COO Gilles […]

On October 24, Kraken introduced Ink, a new Layer 2 (L2) blockchain platform designed to streamline access to decentralized finance (DeFi). Built on Optimism’s OP Stack and set to be part of the wider Ethereum Superchain, Ink aims to remove traditional barriers that often make navigating DeFi challenging. Ink reflects Kraken’s objective of making crypto […]

On October 17, Kraken introduced Kraken Wrapped Bitcoin (kBTC), a new ERC-20 token aimed at increasing Bitcoin’s utility across decentralized applications (dApps) on networks such as Ethereum and OP Mainnet. Each kBTC token is backed 1:1 by Bitcoin and held in custody at Kraken, allowing users to engage with Bitcoin’s value within the decentralized finance […]

On June 20, 2024, Dave Ripley, CEO of Kraken, appeared on CNBC’s “Squawk Box” to discuss the state of the cryptocurrency market, Kraken’s regulatory battles with the U.S. SEC, and the overall regulatory outlook for the industry. Below is a comprehensive summary of the key points discussed during the interview. State of the Crypto Market […]

On April 17, Kraken, a highly regarded major cryptocurrency exchange, introduced its open-source mobile wallet, designed to provide users with a secure and transparent solution for storing their digital assets. According to what Eric Kuhn, the Product Director for Kraken Wallet, told CoinDesk, the wallet was built “on the principles central to the crypto space, […]

Kraken’s Chief Technology Officer, Vishnu Patankar, recently discussed the significant impact of artificial intelligence (AI) on the cryptocurrency industry, emphasizing its potential to resolve scalability challenges inherent to the sector. As outlined by Patankar, the crypto industry’s volatility and the constant demand placed on core operational functions such as account sign-ups, client responses, and token […]

On 20 March, Kraken Institutional announced the rollout of its qualified custody solution, Kraken Custody, via Kraken Financial, signalling a significant enhancement in security and services for institutional clients in the cryptocurrency sector. As a part of one of the most secure and longest-standing cryptocurrency exchanges, Kraken Financial, is now authorized to offer digital asset […]

On January 16, David Ripley, the CEO of Kraken, spoke with Sonali Basak and Katie Greifeld on “Bloomberg Crypto” about the impact of the recently approved spot Bitcoin ETFs on Kraken and the broader cryptocurrency industry. Bitcoin ETFs as a Positive Development Ripley emphasized that the introduction of these spot Bitcoin ETFs is a net […]

SEC Charges Kraken for Operating as an Unregistered Securities Exchange, Broker, Dealer, and Clearing Agency On 20 November 2023, the U.S. Securities and Exchange Commission (SEC) announced that it had formally charged Payward Inc. and Payward Ventures Inc., collectively known as Kraken, for operating their cryptocurrency trading platform without proper registration. The SEC’s complaint, filed […]

According to Bloomberg, crypto exchange Kraken, which was founded in 2011, is planning to support the trading of US-listed stocks and exchange-traded funds. The new services are set to be offered in the US and the UK via a newly established division named Kraken Securities. Bloomberg reports that Kraken has already obtained the necessary regulatory […]

On 13 July 2023, within 30 minutes of Coinbase announcing that it had decided to relist XRP, rival exchange Kraken made a similar announcement: A few minutes later, Marco Santori, Chief Legal Officer at Ripple, explained the reason for the decision to relist XRP. Santori said: “This morning, the Federal Court for the Southern District […]

The Bitcoin whitepaper takes the fast lane, making its Formula 1 racing debut on a Kraken-sponsored Williams Racing team car. On March 28, British Formula One team Williams Racing, founded in 1977, and crypto exchange Kraken, established in 2011, announced a groundbreaking partnership. The leading crypto platform became the Formula 1 team’s first-ever Official Crypto […]

Last week, Hester Peirce, a Commissioner at the U.S. Securities and Exchange Commission (SEC), criticized the agency for the decision to force crypto exchange Kraken to shut down its crypto staking services for all U.S. clients. On 9 February 2023, Kraken announced in a blog post that it had agreed to shut down its crypto staking services for […]

In a recent CNBC interview, Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), explained why the SEC forced crypto exchange Kraken to end its crypto staking services for U.S. clients. Last Friday (10 February 2023), Gensler told Andrew Ross Sorkin, co-anchor of CNBC’s “Squawk Box” that any crypto firm that is […]

Popular cryptocurrency exchange Kraken has launched its non-fungible token (NFT) marketplace with whitelisted collections on the Ethereum ($ETH) and Solana ($SOL) networks. The marketplace is designed to be “the most secure and accessible” in the ecosystem. The marketplace is, for now, only available for those who signed up to Kraken’s waitlist, although it’s set to […]

On Thursday (August 11), crypto exchange Kraken released the results of its “second 2022 Proof of Reserves audit”, which has been expanded to include seven digital assets. These seven cryptoassets are $BTC, $ETH, $USDT, $USDC, $XRP, $ADA, and $DOT. According to Kraken’s blog post, “a Proof of Reserve audit is a trail-blazing accounting procedure that […]