"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 News

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.
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Kraken’s Jesse Powell came under fire for listing the second-generation LUNA; separately, he railed against TradeFi’s crypto exchange claims.
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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.
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With the new operational license in Abu Dhabi, Kraken aims to provide access to global liquidity to local investors via dirham trading pairs.
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Kraken CEO Jesse Powell announced that he has made the decision to close Kraken’s global headquarters in San Francisco.
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Kraken was previously aiming to implement the Bitcoin Lightning Network in 2021 after officially announcing the plan in late 2020.
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A Bitcoin user was tricked into sending 0.255 Bitcoin to the wrong address due to malware running on their computer.
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Kraken’s CEO admitted that the firm could be forced to freeze some wallets by the police, advising to move crypto out of exchanges.
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Job postings with terms like “Bitcoin,” “Ethereum,” “blockchain” and “cryptocurrency” grew 395% in the United States last year.
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Following the ASA’s decision, Arsenal announced that it would appeal against it and stated that it had provided further information regarding financial risks.
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Kraken said its staking business had grown by more than 950% since the beginning of the year to reach $16 billion in November.
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The ASA wants crypto firms to make it clear that past crypto rallies do not guarantee the same scenarios in future.
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In August, the CEO predicted that Bitcoin would trade “$100,000 plus a coin” late this year or early next year.
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The move comes in contrast to other digital asset exchanges, such as Robinhood, which have avoided listing altcoins such as SHIB over regulatory concerns.
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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.
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