KRAKEN | Crypto

Paxos launched the Global Dollar stablecoin in the EU, claiming MiCA compliance and support from Kraken, Robinhood and Mastercard under the GDN initiative. The Global Dollar (USDG) stablecoin has launched in the European Union, with issuer Paxos claiming compliance with the region’s Markets in Crypto-Assets Regulation (MiCA), as well as oversight from the Finnish Financial Supervisory Authority and Singapore’s central bank. According to a Tuesday announcement, the Paxos-issued USDG is now available in the EU through partners including major crypto exchanges Kraken and Gate. Other platforms that offer the stablecoin include Coinmetro, SwissBorg, Zodia Custody, Orbital, Hercle, CoinsPaid, Bitwyrem, Bitnet and HiFi. Paxos issues USDG in Europe through Paxos Issuance Europe OY, a Finland-based entity overseen by the country’s Financial Supervisory Authority. The stablecoin is structured to align with MiCA regulations, with a portion of its cash reserves held in European banks. Paxos said it guarantees one-to-one ...

More than 60 tokenized stocks are now live on Kraken, Bybit and Solana DeFi via Backed Finance’s xStocks. More than 60 tokenized stocks are now available on crypto exchanges Kraken and Bybit, as well as on Solana-based decentralized finance (DeFi) platforms. In a Monday announcement from Backed Finance, the company said its tokenized stocks product, xStocks, had launched with over 60 stocks becoming available on Bybit, Kraken and several Solana DeFi protocols, offering users exposure to traditional stocks via blockchain infrastructure. The stock selection is focused on blue-chip giants and crypto firms, emerging and established alike. Supported stocks include Netflix, Meta, Robinhood, Coinbase, Amazon, Nvidia, McDonald’s, Apple, Tesla and Microsoft, among others. Read more

Cryptocurrency exchange Kraken unveiled Krak, a new mobile payment app that allows users to send digital assets and fiat currencies to recipients in more than 110 countries. The app supports over 300 currencies and aims to usurp the dominance of established financial apps such as PayPal, Venmo, and Cash App. Developed to offer a faster […] The post Kraken enters payments with new Krak app enabling seamless global crypto, fiat transfers appeared first on CryptoSlate.

Kraken’s new "Krak" system will compete against other money-transmitting apps such as Cash App and Venmo. Crypto exchange Kraken has debuted a peer-to-peer (P2P) payments app that allows users to send fiat and cryptocurrency, regardless of country borders. The move is part of the exchange's effort to expand its financial services offerings beyond cryptocurrencies. According to Kraken on Thursday, the “Krak” app will offer users a spend and earnings account, promising yield generation on more than 20 digital assets along with cross-border transactions, a market forecast to surpass $8 billion in the United States this year. “[…] the financial system has been stuck in the past, and we think it's time to do something about it,” Kraken co-CEO Arjun Sethi said in a statement. “We believe that basic financial services should be universally accessible, and that money should move as easily as information does.” Read more

Several exchanges have announced MiCA licenses this year, following requirements being enforced in 2024 to offer digital asset services in the EU. Cryptocurrency exchange Kraken announced that it can now expand its offerings and across European Union’s member states after securing a license under the Markets in Crypto-Assets (MiCA) framework. In a Wednesday notice, Kraken said it had received the MiCA license from the Central Bank of Ireland, allowing the exchange to offer regulated services to residents in the 30 European Economic Area member states. The approval followed Kraken securing a Markets in Financial Instruments Directive (MiFID) license in February and an Electronic Money Institution (EMI) license in 2023. “We believe trust is the most valuable currency in crypto, and it’s something you earn. Over the past several years, our team has worked tirelessly to meet the [Central Bank of Ireland]’s gold standard regulatory expectations,” said Kraken co-CEO Arjun Sethi. Read more

The company’s CEO described the stock tokenization as a “DeFi Lego block,” suggesting it serves as a foundational piece for decentralized finance adoption. Update (June 23, 2025 at 10:02 PM UTC): This article has been updated to state that Backed created the xStocks platform. DeFi Development Corp., a Solana treasury company formerly known as Janover, announced plans to tokenize its shares through a partnership with crypto exchange Kraken. According to a Monday announcement, the company will use xStocks, a tokenization platform created by Backed, to bring its shares onchain. Kraken announced a partnership with xStocks in May, promising to offer investors tokenized shares of US-listed companies such as Apple, Tesla and Nvidia to users in other regions. The platform is built on the Solana blockchain. Read more

The company has claimed the bragging rights of becoming the first U.S.-listed crypto treasury firm with on-chain equity on Backed's xStocks launch with Kraken.

The crypto exchange is setting up a new headquarters for the first time since shuttering its San Francisco office in 2022, following reports of employees being attacked. Cryptocurrency exchange Kraken has moved its global headquarters to Cheyenne, Wyoming, more than three years after shuttering operations in San Francisco. In a Friday blog post, Kraken said it was “recognition of the pro-crypto policymakers and constructive regulations” that contributed to its move to Wyoming. The company cited Wyoming Senator Cynthia Lummis’ crypto advocacy in the US state and Congress impacting its decision to move its headquarters. “Wyoming has been at the forefront of digital asset policy for nearly a decade and has created the perfect environment for digital asset companies to thrive,” said Lummis. “Kraken’s decision to relocate to the Equality State is a testament to Wyoming’s forward-thinking approach and reinforces Wyoming’s position as America’s premier crypto hub.” Read more

Kraken has launched a Bitcoin staking service in partnership with Babylon, allowing users to earn BABY tokens. Crypto exchange Kraken has launched a new Bitcoin staking product through a protocol integration with Babylon Labs. In a Thursday announcement, Kraken said it has partnered with the Bitcoin (BTC) staking protocol Babylon. The integration allows the exchange’s users to earn interest on their Bitcoin holdings without the need for bridging, wrapping or lending. Kraken customers can use the service starting today by staking their Bitcoin without interacting with off-exchange wallets. The Bitcoin is locked in a vault on the Bitcoin blockchain and delegated to secure proof-of-stake (PoS) networks through the Babylon protocol. Read more

Ink Foundation announced on June 17 that it would mint 1 billion INK tokens to fund user-run liquidity on Ink, the Ethereum layer-2 network backed by Kraken.  The foundation has permanently set the supply cap and will release the mint date and contract address after completing the audits. The end of audits, together with predefined […] The post Kraken’s L2 network rolls out native INK token to power protocol incentives, allocation appeared first on CryptoSlate.

Geneva, Switzerland, June 2, 2025 — TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), participated in Bitcoin 2025, which took place May 27-29 in Las Vegas. TRON DAO kicked off the week as a top tier sponsor for Code + Country’s America 250 […] The post Justin Sun Takes Center Stage at Bitcoin Vegas 2025 with TRON DAO as Top Sponsor of Code + Country and Co-Host of Kraken’s Oceanic Night appeared first on CryptoSlate.

Kraken has introduced perpetual futures contracts for Pi Network’s native token, PI, allowing traders to speculate on its price with up to 20x leverage, according to a May 23 announcement. The listing marks the token’s first appearance on a major derivatives platform. However, it failed to create positive momentum for the token’s price. Based on […] The post Pi Network token makes derivatives debut on Kraken with perpetual futures offering 20x leverage appeared first on CryptoSlate.

Kraken, through a partnership with Backed, will offer the product on the Solana blockchain. Crypto exchange Kraken is planning to offer non-US customers the option of trading tokenized US stocks, part of the company’s push to offer more traditional assets via tokenization. The products will be offered through Backed, a new Kraken partner, according to a statement shared with Cointelegraph. Tokens representing the stocks will be stored on the Solana blockchain due to its “unmatched performance, low latency and thriving global ecosystem,” the statement said. “The whole point of crypto is that we're able to see things very transparently,” Kraken co-CEO Arjun Sethi said during Solana's Accelerate event on May 22. ”It's decentralized. It is open-source. You can innovate as quickly as possible, and there's no reason why companies like us can't morph to do that." Read more

Kraken is preparing to roll out a new product that will allow users in select countries outside the US to trade tokenized versions of major American stocks and ETFs 24/7. According to the May 22 announcement, the offering will include names such as Apple, Tesla, and Nvidia, with plans to expand the selection over time. […] The post Kraken to launch 24/7 trading for tokenized US stocks via Solana appeared first on CryptoSlate.

The tokens will be deployed on Solana and backed by real securities held by Kraken’s partner, Backed Finance.

Ethereum (ETH) co-founder Jeffrey Wilcke transferred approximately $262 million worth of ETH to a wallet labeled as a Kraken deposit address on May 20, according to on-chain data.  The transfer of 105,736 ETH emptied nearly all of Wilcke’s holdings, leaving just 268.73 ETH in his wallet. Subsequent withdrawals from the exchange suggest that this could be Wilcke […] The post Ethereum co-founder Jeffrey Wilcke transfers $262M in ETH to Kraken, causing community speculation appeared first on CryptoSlate.

Kraken has launched MiFID II-regulated crypto derivatives trading for retail and institutional users in Europe following its acquisition of a licensed Cypriot investment firm. Cryptocurrency exchange Kraken announced the launch of regulated derivatives trading on its platform under the European Union’s Markets in Financial Instruments Directive (MiFID II). According to a May 20 announcement, Kraken’s perpetual and fixed maturity crypto futures contracts will be available for trading by retail and institutional customers in the European Economic Area (EEA). The announcement follows the exchange acquiring an MiFID license in early February through the acquisition of a Cypriot investment firm, approved by the Cyprus Securities and Exchange Commission. Kraken’s head of exchange, Shannon Kurtas, said, “Europe is one of the fastest-growing regions for digital asset trading and investment, with some of the most sophisticated and demanding clients and institutions.” Read more

Chainalysis has reported Darknet Market crypto revenue down 15% in 2024 to roughly $2 billion, yet Russia has surged. ‘Kraken’ has overtaken rivals, raising income 68% as operators ditch Bitcoin for Monero and channel funds through DeFi to skirt exchange KYC. The post Russia’s ‘Kraken’ Darknet Market Crypto Sales Soar 68% as Global Trade Falls appeared first on Cryptonews.

Kraken says a North Korean actor applied for a tech job at the crypto exchange but foiled their plan after a tip-off from industry partners. US crypto exchange Kraken has detailed a North Korean hacker’s attempt to infiltrate the organization by applying for a job interview. “What started as a routine hiring process for an engineering role quickly turned into an intelligence-gathering operation,” the company wrote in a May 1 blog post. Kraken said the applicant’s red flags appeared early on in the process when they joined an interview under a name different from what they applied with and “occasionally switched between voices,” apparently being guided through the interview. Read more

Kraken said its acquisition of NinjaTrader is complete, enabling traditional derivatives trading for US customers as the exchange’s revenue rose to $471.7 million in the first quarter. Crypto exchange Kraken has completed its acquisition of the futures trading platform NinjaTrader and reported its first quarter revenues jumped 19% year-on-year to $471.7 million. Kraken said in a May 1 report that its NinjaTrader acquisition would give its US customers access to the traditional derivatives market, aligning with its plans to expand its offerings and be the go-to platform for all types of trading. NinjaTrader is a registered Futures Commission Merchant with the Commodity Futures Trading Commission. Last month, it rolled out trading for over 11,000 stocks and exchange-traded funds to certain US clients. Read more