"We recognize that hurt feelings are inevitable in a global organization that is optimizing for team outcomes above individual sentiment," said the team at Kraken.
Kraken is a cryptocurrency exchange established in 2011 and headquartered in California. The Kraken exchange hosts trading for a variety of crypto assets, including pairings with multiple different fiat currencies. Kraken Bitcoin trading occurs under the ticker XBT. Kraken offers a number of features, including margin trading for certain assets, with 5x as the leverage limit. Kraken also offers staking along with over-the-counter trading. OTC trading eligibility is based on certain parameters.
Among the Kraken crypto offerings is a futures trading platform, Kraken Futures, which allows maximum leverage of 50x — although customers located in certain regions, such as Kraken U.S. customers and those in Japan, cannot use the platform.
Kraken’s Jesse Powell came under fire for listing the second-generation LUNA; separately, he railed against TradeFi’s crypto exchange claims.8141
According to the exchange, users will not incur any gas fees for trading NFTs custodied with Kraken — only transferring tokens and NFTs off the platform.2959
With the new operational license in Abu Dhabi, Kraken aims to provide access to global liquidity to local investors via dirham trading pairs.3700
Kraken CEO Jesse Powell announced that he has made the decision to close Kraken’s global headquarters in San Francisco.71938
Kraken was previously aiming to implement the Bitcoin Lightning Network in 2021 after officially announcing the plan in late 2020.7327
A Bitcoin user was tricked into sending 0.255 Bitcoin to the wrong address due to malware running on their computer.5289
Kraken’s CEO admitted that the firm could be forced to freeze some wallets by the police, advising to move crypto out of exchanges.11282
Job postings with terms like “Bitcoin,” “Ethereum,” “blockchain” and “cryptocurrency” grew 395% in the United States last year.8409
Following the ASA’s decision, Arsenal announced that it would appeal against it and stated that it had provided further information regarding financial risks.4267
Kraken said its staking business had grown by more than 950% since the beginning of the year to reach $16 billion in November.5577
The ASA wants crypto firms to make it clear that past crypto rallies do not guarantee the same scenarios in future.6641
In August, the CEO predicted that Bitcoin would trade “$100,000 plus a coin” late this year or early next year.54570
The move comes in contrast to other digital asset exchanges, such as Robinhood, which have avoided listing altcoins such as SHIB over regulatory concerns.21390
Kraken Australia’s managing director is concerned that a proposed new licensing regime for crypto exchanges could collapse the vibrancy of the industry down under.3259