Vertex Bids Farewell to Arbitrum and Migrates to Ink in Search of Better Conditions
TL;DR Vertex will shut down its DEX on Arbitrum and migrate its infrastructure to Ink, a Layer 2 network backed by Kraken, eliminating its VRTX...
Kraken
Kraken Delivers Data to the FBI and SEC
TL;DR In 2024, Kraken received 6,826 information requests from government agencies and regulators, a 39% increase compared to the previous year. The FBI was the...
Kraken Launches Licensed Broker Service for Australian Wholesale Clients
TL;DR Kraken launches derivatives brokerage service in Australia for wholesale clients. The offering allows access to cryptocurrency derivatives without owning the underlying asset. The company...
Kraken Cuts 15% of Workforce and Appoints New Co-CEO Amid Restructuring
TL;DR Kraken announces a significant restructuring plan, laying off 15% of its workforce, affecting approximately 400 employees, to streamline operations and become more agile in...
Kraken Expands European Presence with Acquisition of Dutch Crypto Broker BCM
TL;DR Strategic Expansion: Kraken acquires Coin Meester B.V. (BCM) to strengthen its presence in the European market, especially ahead of the upcoming MiCA regulations. Enhanced...
Kraken Pushes for Jury Trial in SEC Lawsuit
TL;DR Kraken Requests Jury Trial: Kraken has officially sought a jury trial in its legal battle with the U.S. SEC, following a judge’s decision to advance...
Kraken Prepares to Compete with Coinbase by Launching Its Own Layer-2 Network
Kraken, one of the leading cryptocurrency exchanges in the United States, is preparing to launch its own Layer-2 (L2) network on the blockchain....
Kraken to Offer Stock and ETF Trading Services in 2024
Kraken, a renowned cryptocurrency exchange, is planning to expand its services to include trading in U.S.-listed stocks and exchange-traded funds (ETFs). This move marks a...
Kraken Opens Doors to Reddit’s BRICK and MOON Tokens for Trading
Kraken, a US-based cryptocurrency exchange, has announced the launch of trading for two tokens that are linked to Reddit communities: Bricks (BRICK) and Moons (MOON)....
SEC Launches an Investigation Against Kraken Over Securities Violation
The SEC continues to tighten its grip around crypto firms, as it has now targeted a San-Francisco based crypto exchange, Kraken, for violating securities laws....