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Kraken
FTX to Distribute Funds to Investors Through Kraken and BitGo, Process to Start in January
- Payments will reportedly be made in phases, with the first distribution expected within 60 days of the effective date.
- Eligible creditors must verify their identity and meet other requirements.
Monday, 16/12/2024 | 19:00 GMT by
Jared Kirui
Kraken Australia to Pay AU$8 Million for Offering ‘Unlawful’ Margin Products
- The order by ASIC came after an Australian court found that the exchange violated local rules by offering fiat-based margin products.
- Its Australian customers incurred trading losses of more than US$5 million with these margin products.
Thursday, 12/12/2024 | 05:05 GMT by
Arnab Shome
Kraken Hits $2 Billion CAD in Custody, Focuses on Crypto Knowledge Growth
- Ontario Securities Commission reports 54% of Canadians defined cryptocurrency in 2023.
- Recently, the firm has introduced crypto-based derivatives for Australian wholesale clients.
Thursday, 21/11/2024 | 16:34 GMT by
Tareq Sikder
Robinhood, Kraken Form Alliance to Challenge USDT and USDC Duopoly in $170 Billion Market
- The retail trading platform joins major crypto firms to launch the Global Dollar Network and USDG token.
- The initiative aims to democratize stablecoin benefits while challenging current market leaders, including Tether.
Tuesday, 05/11/2024 | 11:14 GMT by
Damian Chmiel
Kraken Verifies $21.5 Billion in Client Assets with Latest Proof of Reserves
- An independent audit verified Kraken’s full asset backing for BTC, ETH, SOL, USDC, USDT, and XRP.
- The firm uses a Merkle Tree structure to allow clients to verify their balances in the Proof of Reserves report.
Monday, 04/11/2024 | 17:54 GMT by
Tareq Sikder
Kraken Recruits Stephanie Lemmerman as Chief Financial Officer
- Lemmerman has a strong background in fintech and crypto, having previously served as CFO at Dapper Labs.
- Outgoing CFO Carrie Dolan will reportedly support Lemmerman through a transitional period.
Thursday, 31/10/2024 | 20:40 GMT by
Jared Kirui
Kraken and Formula 1 Williams Racing Extend Partnership
- The partnership combines blockchain technology and racing to enhance fan engagement, both online and offline.
- It allows fans to participate in events like the Rear Wing Takeover contests, where their designs can be featured on the Williams rear wing.
Thursday, 17/10/2024 | 17:25 GMT by
Jared Kirui
Kraken's 24/7 Derivatives Platform in Bermuda Obtains Regulatory Approval
- The new global derivatives venue in Bermuda allows clients to trade over 200 contracts.
- Clients in eligible jurisdictions can access the platform through APIs and web/mobile applications.
Thursday, 03/10/2024 | 15:10 GMT by
Tareq Sikder
Kraken Kicks Off Crypto Sponsorship with Bundesliga's RB Leipzig
- The partnership will offer fans immersive experiences, including exclusive content and interactive fan pop-ups.
- Kraken's collaboration with RB follows similar partnerships with Atlético de Madrid and Tottenham Hotspur FC.
Wednesday, 25/09/2024 | 13:17 GMT by
Jared Kirui
Kraken Ramps Up European Presence by Acquiring BCM, Elevates Crypto Offering
- The acquisition enables the firm to operate as a registered VASP in France and Poland.
- BCM clients will have access to over 200 digital assets, improved liquidity, and 24/7 support in local languages.
Tuesday, 24/09/2024 | 09:05 GMT by
Tareq Sikder
Kraken Argues Cryptos Are Not “Illegal Securities”: Seeks Jury Trial against SEC Lawsuit
- The exchange cited the Securities Act and the Exchange Act, highlighting that neither mentions digital assets.
- It also questioned the SEC’s authority to regulate digital assets.
Friday, 13/09/2024 | 09:03 GMT by
Arnab Shome
Kraken Violated Australian Law by Offering Margin Products: Court Rules
- The court determined that Kraken's fiat-based margin products breached regulations, while the crypto-based products did not.
- The crypto exchange operator was taken to court by ASIC for violating Design and Distribution Obligations (DDO) rules.
Friday, 23/08/2024 | 05:53 GMT by
Arnab Shome
Kraken Names Alex Mehrdad as General Manager for Canada
- Mehrdad will focus on expanding the exchange's presence in Canada and improving the crypto user experience.
- He will succeed Mark Greenberg, who will head a new Asset Growth and Management division.
Wednesday, 14/08/2024 | 17:50 GMT by
Jared Kirui
Kraken Extends Custody Services to Institutional Clients in UK, Australia
- Initially launched in March, Kraken Custody targets institutional clients with a platform for managing digital assets.
- Kraken Financial, a US-based state-chartered bank that keeps clients' digital assets separate from the Kraken exchange, supports the platform.
Thursday, 18/07/2024 | 14:24 GMT by
Jared Kirui
Binance Seeks to Throw Out Major Part of $12.8 Billion London Lawsuit
- A London lawsuit accuses Binance, Kraken, and others of anti-competitive behaviour in delisting BSV.
- The suit, with 200,000 BSV owners, alleges delisting hindered BSV from major status, seeking damages up to 9 billion pounds.
Wednesday, 05/06/2024 | 16:51 GMT by
Tareq Sikder
Kraken Announces Partnership to Enhance Crypto Offerings in German Market
- The collaboration will leverage the expertise of DLT Finance, a subsidiary of BaFin-licensed DLT Securities GmbH.
- The firm's European expansion highlights its plans to acquire Dutch crypto broker Coin Meester B.V.
Monday, 06/05/2024 | 13:37 GMT by
Tareq Sikder
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