Kraken Reportedly Prepares for Funding Round Ahead of Possible IPO
Kraken cryptocurrency exchange is purportedly contemplating a funding round to generate over $100 million for the company in anticipation of a potential initial public offering (IPO). Kraken was contemplating a funding round anticipated to generate over $100 million by 2025, according to a Bloomberg report on June 6 that cited individuals with knowledge of the […]
Binance, Others Deny $9B Compensation For BSV Delisting
BSV Claims Limited seeks a $9 billion compensation for investors who faced substantial losses during the 2019 Bitcoin SV delisting binge. BSV Claims Ltd. is currently presenting a high-stakes legal challenge to the Competition Appeal Tribunal. The lawsuit targets significant cryptocurrency exchanges like ShapeShift, Kraken, Binance, and other crypto exchanges. The hearing, which commenced on […]
Kraken Denies Plans to Delist Tether in Europe
Kraken reaffirms support for Tether (USDT) in Europe amid regulatory changes, clarifying delisting possibilities. Kraken, a well-known cryptocurrency exchange, has issued a clear statement rejecting any intention of delisting Tether (USDT) in Europe. The crypto community is becoming increasingly concerned about the regulatory compliance and stability of widely utilised stablecoins, including Tether, at the time […]
Kraken to Launch DLT Crypto Services in Germany
Cryptocurrency exchange Kraken is growing its presence in European markets with a collaboration to serve German clients. A press statement states that Kraken has achieved a deal to provide digital asset conveniences for users in Germany with DLT Finance, a trademark of crypto service providers DLT Securities GmbH and DLT Custody Gmbh, which holds a […]
Kraken Launches Self-Custodial Mobile Wallet
Kraken launched its cryptocurrency wallet to compete with companies like Coinbase and Consensys. On April 17, the second-biggest cryptocurrency exchange in the United States revealed its self-custodial wallet solution, providing a substitute for comparable offerings such as Trust Wallet, Phantom, and MetaMask. As per Kraken, their cryptocurrency wallet is the first to use an open-source […]