Kraken’s parent Payward is betting billions on becoming financial infrastructure, not just a crypto exchange
Kraken parent Payward is unifying trading, payments, asset management and institutional services on common rails, co-CEO Arjun Sethi said.
Kraken
Crypto exchange Kraken is trying to become a bank in Europe
Kraken’s focus is on Lithuania as the jurisdiction to secure the license, according to a person familiar with the plans.
Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation
The DeFi lender is rebuilding after the fallout from April’s KelpDAO exploit sparked a multibillion-dollar exodus of deposits despite Aave itself not being hacked.
Kraken debuts U.S. perpetual futures as crypto derivatives move onshore
Perpetual futures generated more than $60 trillion in volume last year, according to the crypto exchange, largely outside the U.S.
Kraken parent Payward cuts 150 staff, streamlining business ahead of planned IPO
The crypto exchange is also seeking fresh funding at a $20 billion valuation as it ramps up acquisitions and prepares for a public listing.
Kraken to replace LayerZero with Chainlink to bridge assets across blockchains
The decision sees a total of over $3 billion in total value locked migrating after a $292 million LayerZero-powered bridge exploit involving Kelp.
Here is why Nasdaq and owner of NYSE are putting the $126 trillion equity market on blockchain
The race for the “everything exchange” makes Wall Street operators and crypto exchanges rivals and partners at the same time.
Pi rallies more than 30% after Kraken announces listing
Bybit previously declined to list the mobile crypto mining platform, with CEO Ben Zhou citing warnings from Chinese police that the project is a scam.
Kraken’s surprise Fed win may harken onslaught of crypto firms with narrow Fed access
The Kansas City Fed may term this “Tier 3” access, but Kraken’s entry into the vaunted Fed payments system has riled bankers and raised crypto hopes.
“Is Crypto Trading Legal?” And The Art Of Time Administration
Fees up to 0.02% shall be charged to open a margin position and for every four hours of maintaining the ‘open’ position, a rollover fee of max 0.02% will be charged. US citizens, even those living outside the US, shall have to forego the upside attached to margin trading. However, they should never overshadow the innate potential of losses that […]