The crypto contagion only hurt entities that poorly managed their treasuries, but didn’t affect the underlying blockchain technology, he said.
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.
Enforcers around the world are demonstrating their interest to the industry's largest players.8554
More than 1,500 users with residences in Iran reportedly had accounts at Kraken as of June, while 149 users in Syria and 83 in Cuba were also able to access the crypto exchange.1193
"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.5552
Kraken’s Jesse Powell came under fire for listing the second-generation LUNA; separately, he railed against TradeFi’s crypto exchange claims.8486
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.3001
With the new operational license in Abu Dhabi, Kraken aims to provide access to global liquidity to local investors via dirham trading pairs.3774
Kraken CEO Jesse Powell announced that he has made the decision to close Kraken’s global headquarters in San Francisco.72225
Kraken was previously aiming to implement the Bitcoin Lightning Network in 2021 after officially announcing the plan in late 2020.7373
A Bitcoin user was tricked into sending 0.255 Bitcoin to the wrong address due to malware running on their computer.5404
Kraken’s CEO admitted that the firm could be forced to freeze some wallets by the police, advising to move crypto out of exchanges.11360
Job postings with terms like “Bitcoin,” “Ethereum,” “blockchain” and “cryptocurrency” grew 395% in the United States last year.8468
Following the ASA’s decision, Arsenal announced that it would appeal against it and stated that it had provided further information regarding financial risks.4293
Kraken said its staking business had grown by more than 950% since the beginning of the year to reach $16 billion in November.5615
The ASA wants crypto firms to make it clear that past crypto rallies do not guarantee the same scenarios in future.6703