On Thursday, Kraken filed a motion to dismiss the case, claiming that the U.S SEC had not charged fraud and had instead stretched the meaning of a contract in its lawsuit. With the argument that cryptocurrencies—or at least those included in the SEC’s complaint—should be classified as commodities rather than
The Spot Ethereum ETF frenzy has begun, after the Spot Bitcoin ETF mania. Amidst the excitement around the Ether ETF, it has come to light that Kraken, the second-largest cryptocurrency exchange in the US, is considering joining the crypto ETF custodian race, similar to Coinbase. Of the eleven Spot Bitcoin
As part of its plans to expand into Europe, crypto exchange Kraken has been registered as a Virtual Asset Service Provider (VASP) by the Dutch Central Bank (DNB) in the Netherlands. The United States-based crypto exchange claims that it is able to legally sell its leading products to citizens of
A prominent U.S.-based cryptocurrency exchange has successfully defended its users’ transaction data privacy amidst the ongoing XRP lawsuit involving Ripple Labs and plaintiff Vladi Zakinov. According to an on-chain investigator known as Mr. Huber, the U.S. court has sided with Kraken’s argument, dismissing the request for the direct transfer of
The U.S SEC has accused Kraken, Coinbase, and Binance of illegally doing business in the United States without registering as securities firms. Kraken traded a lengthy list of tokens that the SEC deems securities; each of these tokens has been the subject of many SEC enforcement cases. Kraken rejects the
On-chain analyst Lookonchain recently tracked two wallets withdrawing a combined 33.9 million USDT stablecoins from Circle and depositing them to major U.S. exchange Kraken. While the entity behind the wallets is unknown, Lookonchain suspects the same institution controls both addresses based on the precise timing of the USDT transfers. The
Kraken has announced plans to expand into Europe by acquiring Coin Meester B.V. (BCM), a crypto exchange situated in the Netherlands. Kraken and BCM have announced an upcoming acquisition, while financial terms of the agreement have not been made public. The exchange has secured VASP licenses in Ireland, Italy, and
SAN FRANCISCO–(BUSINESS WIRE)–Kraken, one of the world’s longest-standing and most secure crypto platforms, today announced an agreement to acquire Coin Meester B.V. (BCM) in the Netherlands. The deal highlights Kraken’s commitment to growing its business in Europe by leveraging its strong financial position and highly competitive product offering. Founded in
Company Also Obtained a Registration as Virtual Asset Service Provider in Spain SAN FRANCISCO–(BUSINESS WIRE)–Kraken, one of the world’s longest-standing and most secure crypto platforms, today announced it has received authorization from the Central Bank of Ireland as an E-Money Institution (EMI). In addition, Kraken has also successfully registered with
On Monday, Kraken, a cryptocurrency exchange, began trading in MOON and BRICK tokens, the native currencies of two Reddit groups. CMC reports that the value of r/CryptoCurrency (Moon) has climbed by 42% in the last day to $0.42, while the value of r/FortNiteBR Bricks (Brick) has increased by 117% to
