Kraken awarded crypto trading license in the United Arab Emirates

Californian crypto exchange Kraken becomes the second virtual asset platform after Binance to receive regulatory approval to operate in the Abu Dhabi international financial center and free zone, Abu Dhabi Global Market (ADGM). In a CNBC interview, Kraken’s managing director Curtis Ting explains the importance of diversifying trading pairs to local currencies instead using the […]

Kraken shuts down global headquarters as ‘San Francisco is not safe’

The Golden City is losing its shine as one of the largest United States-based cryptocurrency exchanges closes its San Francisco-based headquarters.  Kraken CEO, Jesse Powell retweeted that Kraken will close its global headquarters on 548 Market Street, in the center of San Francisco. In the retweet shared by a San Francisco-based political commentator, Richie Greenberg, […]

Kraken to delist Monero for UK customers by the end of November

In an email quoted by Reddit users, Kraken, the world’s eighth-largest cryptocurrency exchange by trading volume, announced it would be delisting privacy coin Monero (XMR) in compliance with regulations in the United Kingdom. The platform will cease all XMR trading activities, set XMR wallets to withdraw-only, and force-liquidate any existing XMR margin positions after Nov. […]

Hedge Funds, Retail Investors Bought the Dip — Kraken CEO Jesse Powell

According to Kraken crypto exchange CEO Jesse Powell, there has been a massive influx of new accounts from all types of investors. The trend coincides with Bitcoin’s (BTC) strong recovery from $3,600 to over $9,000. Powell’s statement aligns with similar observations made by Coinbase earlier this year when the exchange also saw a surge in […]

Kraken Launches Crypto Exchange Service in Australia

Kraken, one of the world’s largest exchanges by trade volume, is extending its services down under. The California-headquartered firm announced on Wednesday that it would be opening operations in Sydney, Australia, with local clients able to fund their accounts in Australian dollars (AUD). The exchange said it would offer instant funding to those users who […]

Layer 2 Will Make Bitcoin as Easy to Use as the Dollar, Says Kraken CEO

In a June 16 interview with Bloomberg, Kraken CEO Jesse Powell claimed that layer-2 solutions will in time make Bitcoin (BTC) as easy to use as the United States dollar. In addition to improvements in Bitcoin’s utilitarian nature, Powell suggested that the eventual timing of institutional investors getting on board would rely on a herd […]

Kraken Appoints SAFT Architect Marco Santori as Chief Legal Officer

The U.S. based crypto exchange Kraken has appointed Marco Santori as the company’s new chief legal officer (CLO), according to an announcement shared with Cointelegraph on April 6th. Santori’s background in crypto law Santori is known for his work in litigating, advising and creating new laws in the crypto industry. Among his professional experience, Kraken’s […]