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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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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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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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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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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Kraken, one of the largest US cryptocurrency exchanges is expanding. It has completed the acquisition of one of Australia's first crypto exchanges (launched in 2013) - Bit Trade. The information comes from an official press release sent out by Kraken. According to press, Bit Trade's website will continue to operate in its usual manner since…
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Bitcoin's price is currently around $10,300 at the time of this writing - but not everywhere, it appears. On Kraken, Bitcoin was trading for $12,000 per coin due to an order matching glitch that the exchange has identified to be the reason for the abnormally high price of the coin. The bug was first noticed…
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The digital asset exchange Kraken has just announced that it has acquired the regulated cryptocurrency trading platform and index provider Crypto Facilities. Crypto Facilities is London-based and is the first FCA regulated entity to list futures on Bitcoin, Ethereum, Ripple XRP, Litecoin and Bitcoin Cash. The company provides CME CF Bitcoin Reference Rate that powers the CME Group’s…
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The Financial Services Agency (FSA), Japan’s regulatory watchdog, will either give the green light to seven new crypto exchanges to commence operations in the country in the next two months or delay the licenses for a subset of the group. The FSA had instituted new procedures relating to exchange license applications in 2018 to accommodate…
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The Financial Services Agency (FSA), Japan’s regulatory watchdog, like many other oversight agencies around the world, is doing its level best to deal with digital currencies in an accommodative way without stifling innovation. The job is going to get tougher. According to an unnamed FSA staff member, the regulatory agency has received 190 cryptocurrency exchange…
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