Tag: kraken

September 22, 2022 BY Steffy Bogdanova

Kraken appoints Dave Ripley as CEO, Jesse Powell becomes Chairman of the board

The official press release highlighted that Ripley has played a key role in scaling Kraken’s operations in over 16 acquisitions, regulatory licenses and partnerships. Ripley started his career as a software engineer before becoming a financial adviser at Boston Consulting Group. He has accumulated almost a decade of crypto industry leadership experience. He became COO…

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Acquisition
December 23, 2021 BY Steffy Bogdanova

Kraken acquires infrastructure platform Staked

The announcement further detailed that through the deal, Kraken’s clients will have more options on how they choose to manage their funds when staking with Kraken. Tim Ogilvie, CEO of Staked said: Kraken’s acquisition of Staked represents an exciting new chapter for us. Kraken clearly shares our commitment to supporting proof-of-stake networks, having a security-first…

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CFTC fine
September 29, 2021 BY Steffy Bogdanova

CFTC fines Kraken $1.25 million for offering margined crypto products to US customers

Acting Director of Enforcement Vincent McGonagle, said: This action is part of the CFTC’s broader effort to protect U.S. customers. Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations. According to the CFTC, Kraken offered margined…

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Forex Weekly Look Back
September 25, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: ATFX adds Merck & Co share CFDs, CFH announced a dedicated Zero hold time liquidity pool

Westpac Banking Corporation announced reaching an agreement with the Australian Transaction Reports and Analysis Centre (AUSTRAC for 23 million alleged breaches of anti-money laundering laws. The bank agreed to pay $1.3 billion to settle the charges in the biggest penalty in Australian corporate history. Digital asset trading platform Bitfinex launched real-time market data feed to…

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Japan
September 21, 2020 BY Steffy Bogdanova

Crypto exchange Kraken returns to Japan

Kraken made its exit from the Japan market in 2018 so that it can refocus its resources on other markets that were growing exponentially at that time. The crypto exchange has been preparing for re-entering Japan for two years. In that period, the company established a Tokyo-based subsidiary, Payward Asia and built internal governance and…

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July 07, 2020 BY Steffy Bogdanova

Crypto Facilities secures MTF license in the UK

Jesse Powell, CEO and Cofounder of Kraken said: We undergo these licensing efforts because Kraken is about making crypto accessible for everyone. This particular license means that a sophisticated class of investors, limited by their own requirements to interface with a regulated venue such as an MTF, will now have access to crypto derivatives in…

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Kraken
May 04, 2020 BY Steffy Bogdanova

Crypto exchange Kraken adds 11 new conversion pairs

Previously, converting Bitcoin Cash (BCH) to ETH on Kraken took two different trades and with the new BCH/ETH conversion pair, it can be done directly. The new addition expands Kraken’s total number of trading pairs to 155, including more traditional FX trading pairs Kraken launched about six weeks ago. The exchange added the new pairs…

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Kraken
March 10, 2020 BY Steffy Bogdanova

Kraken plans to expand in India as crypto ban is lifted

US-based crypto exchange, Kraken, announced its intention to grow its operation in the Indian market following the recent ruling of the country’s Supreme Court to lift the ban against banks doing business with crypto companies. Kraken growth in India was until recently hampered by the Reserve Bank of India (RBI) ban. However, the company do…

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Kraken
March 05, 2020 BY Steffy Bogdanova

FCA retracts warning against Kraken but BitMEX alert stays up

United Kingdom Financial Conduct Authority (FCA) quickly took down an official warning against Kraken after apparent confusion but alert about BitMEX remains active. The UK watchdog published a notice on its website on 3 March to warn citizens against Kraken. The warning stated that the second-largest U.S. cryptocurrency exchange by volume is not authorized to…

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