In light of the impending implementation of the Markets in Crypto-Assets Regulation (MiCA) in the European Union, cryptocurrency exchange Kraken is contemplating the removal of support for the stablecoin Tether (USDT). Kraken is reportedly “actively reviewing” strategies to meet the requirements of the forthcoming MiCA framework, as reported by Bloomberg
Kraken, a cryptocurrency exchange, has acquired TradeStation Crypto, boosting its regulatory license in the U.S. TradeStation Group, a division of Monex Group, has a digital assets subsidiary called TradeStation Crypto. The acquisition is a component of Kraken’s strategy to expand its footprint in the US, according to a company representative.
The Kraken Wallet is the latest addition to Kraken’s product range. Users are able to manage their digital assets on eight major blockchain networks—Dogecoin, Ethereum, Solana, Optimism, Base, Arbitrum, and Polygon—through this self-custodial mobile wallet. Users will have full control over their digital assets with this wallet, and they won’t
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
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
Users of the Reddit subreddit r/CryptoCurrency saw a significant increase in the value of their native token, r/CryptoCurrency Moons (MOON), on Monday after hearing rumors that Kraken, a cryptocurrency exchange, could list Moons. According to CMC, the token’s price increased by 72 percent in the last 24 hours, bringing it
