KRAKEN | Crypto

The redesigned app will use AI to recommend trades and tailor investing tools around users' financial goals as Kraken expands into broader financial services. Crypto exchange Kraken is adding AI-powered financial tools to its mobile app as exchanges increasingly compete to offer personalized investing tools beyond basic trading features. According to a company announcement, users will begin by setting financial goals and preferences, allowing the app to tailor its interface and recommendations around those objectives rather than requiring customers to navigate complex trading tools. The company said the redesigned platform will help users pursue goals such as buying a home, saving for retirement or building an emergency fund. Kraken said its "financial intelligence" continuously monitors markets, identifies investment opportunities and recommends trades, but does not execute transactions autonomously. Every recommendation requires the user's approval before a trade is placed, with the company positioning the ...

US prosecutors charged Rossen Iossifov over the alleged laundering of $290,000 in forfeited crypto from a Kraken account. United States prosecutors have charged a man serving a federal prison sentence over the alleged removal and laundering of about $290,000 in crypto assets held in a Kraken account subject to a forfeiture order.  The Department of Justice said on Thursday that Rossen Iossifov, a Bulgarian national, conspired in January 2024 to withdraw and transfer crypto that a federal court had ordered forfeited following his 2021 conviction. Prosecutors allege that the assets were moved through illicit mixing services and crypto exchanges before the US could take possession.  The case shows how attempts to move crypto after a forfeiture order can trigger fresh criminal charges, even after the underlying conviction. Read more

The crypto exchange's parent company says Mazars' withdrawal from its 2022 audit caused millions in damages and tied the dispute to Operation Chokepoint 2.0. Payward, the parent company of crypto exchange Kraken, has won a $22 million arbitration award against former auditor Mazars USA and asked the Delaware Court of Chancery to enter judgment on the award, according to a letter published Tuesday by co-CEO Arjun Sethi. Payward said Mazars withdrew from the exchange's nearly completed 2022 audit despite finding no fraud, raising no concerns about management's integrity and reporting no disagreements with the company. "An audit is not a favor. It is oxygen," Sethi wrote, arguing that independent audits are essential for obtaining banking services, licenses and other business relationships. Read more

Eligible users can now use select tokenized stocks and ETFs as collateral for futures and margin trading without selling their holdings. Crypto exchange Kraken has begun accepting select tokenized stocks and exchange-traded funds (ETFs) as collateral for futures and margin trading, allowing eligible users to open leveraged positions without selling their holdings. The feature initially supports 10 tokenized stocks and ETFs, including Apple, Nvidia, Tesla, Strategy, the SPDR S&P 500 ETF and Invesco QQQ Trust. Eligible users can post those holdings as collateral without selling them first. Each eligible asset is assigned a collateral haircut that reduces its lending value based on risk. Broad-market ETFs receive the lowest haircut at 10%, while more volatile stocks such as Strategy and Robinhood are discounted by 30%. Read more

Several exchanges that have already been authorized by EU regulators are attempting to bring in users from companies unlicensed under the Markets in Crypto-Assets rules, offering transfer bonuses and prizes. Cryptocurrency exchanges already approved to operate in European Union member states under the soon-to-be enforced Markets in Crypto-Assets (MiCA) framework are incentivizing users from companies that failed to gain license approval. With MiCA restrictions set to be enforced starting on July 1, executives of cryptocurrency exchanges including Coinbase and OKX have taken to social media to sway users from soon-to-be unauthorized companies, like Binance and Bybit Global.  The world’s largest crypto exchange, Binance, said that it would restrict services for EU-based users after withdrawing its MiCA application last week. Bybit Global on Monday said access to services for users in the European Economic Area “will be progressively limited” starting on July 1, though its Bybit EU arm is authorized to operate u...

Kraken's new facility with Maple brings a traditional warehouse financing model onchain, allowing the exchange to expand its institutional crypto lending business using blockchain-based structured credit. Crypto exchange Kraken and onchain asset manager Maple have launched an onchain warehouse financing facility for crypto-backed loans, applying a lending structure widely used in traditional credit markets to institutional digital asset lending. According to Thursday's announcement, the facility will fund Kraken's OTC lending business using a bankruptcy-remote special purpose vehicle (SPV) and USDC-denominated financing. Unlike traditional bilateral crypto loans, the facility is structured through the SPV, with Maple providing senior financing and Kraken retaining a stake in the transaction. The arrangement is intended to let Kraken expand its institutional lending business without tying up additional balance-sheet capital. Read more

Kraken's new facility with Maple brings a traditional warehouse financing model onchain, allowing the exchange to expand its institutional crypto lending business using blockchain-based structured credit. Crypto exchange Kraken and onchain asset manager Maple have launched an onchain warehouse financing facility for crypto-backed loans, applying a lending structure widely used in traditional credit markets to institutional digital asset lending.  According to Thursday's announcement, the facility will fund Kraken's OTC lending business using a bankruptcy-remote special purpose vehicle (SPV) and USDC-denominated financing. Unlike traditional bilateral crypto loans, the facility is structured through the SPV, with Maple providing senior financing and Kraken retaining a stake in the transaction. The arrangement is intended to let Kraken expand its institutional lending business without tying up additional balance-sheet capital. Read more

PowerTrade changed Kraken’s positive balance of more than $6 million to a $2 million deficit via a series of unauthorized “corrections” related to trades that had expired or settled months earlier, according to a legal filing.

The exchange wraps DEX access in a familiar interface and warns users the tokens sit outside Kraken review. The post Kraken adds 2,500 unapproved Solana tokens to its app – says risk stays on-chain appeared first on CryptoSlate.

Bitcoin briefly slipped below its 200-week moving average twice in the past two weeks, a rare event that Kraken says has historically marked strong entry points for buyers.

The offering follows Kraken's acquisition of Bitnomial and comes amid a broader push to bring crypto derivatives trading onshore. Kraken on Monday launched perpetual futures trading for eligible US users through Bitnomial, expanding its domestic derivatives offerings months after acquiring the federally regulated exchange. The products are available through Kraken Pro and include contracts tied to major cryptocurrencies including Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Litecoin (LTC) and Avalanche (AVAX). According to Monday's announcement, the contracts share the same futures wallet as Kraken's existing CME-listed crypto futures products, allowing traders to manage both positions from a single account. Read more

The offering follows Kraken's acquisition of Bitnomial and comes amid a broader push to bring crypto derivatives trading onshore. Kraken on Monday launched perpetual futures trading for eligible US users through Bitnomial, expanding its domestic derivatives offerings months after acquiring the federally regulated exchange. The products are available through Kraken Pro and include contracts tied to major cryptocurrencies including Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Litecoin (LTC) and Avalanche (AVAX). According to Monday's announcement, the contracts share the same futures wallet as Kraken's existing CME-listed crypto futures products, allowing traders to manage both positions from a single account. Read more

FIFA 2026 Kicks Off: Kraken, Chainlink & Chiliz Go All In The post Crypto FIFA World Cup 2026 Moment: Kraken, Chainlink, and Chiliz Are All In appeared first on Cryptonews.

The crypto exchange will promote digital asset adoption through fan activations and product experiences at the first 48-team FIFA World Cup. Kraken has been named the official crypto exchange supporter of the FIFA World Cup 2026, giving the crypto exchange a presence at one of the world's largest sporting events. The company said Tuesday that the partnership will include fan activations and product experiences throughout the tournament. The 2026 World Cup is expected to be the largest in FIFA history, with an expanded field of 48 teams and 104 matches across 16 host cities in the United States, Mexico and Canada. FIFA projects the competition will attract a cumulative global audience of more than 6 billion viewers during its seven-week run. Read more

Eligible users in more than 110 markets can register for tokenized SpaceX equity ahead of the company's highly anticipated public listing. Crypto exchange Kraken is giving customers access to the upcoming SpaceX initial public offering through xStocks, a tokenized equities platform, highlighting the growing convergence between crypto infrastructure and traditional capital markets. Kraken announced Friday that SpaceX will be the first public offering available through xStocks IPO Access, which allows eligible users to participate in the offering through tokenized equity instruments. To participate, users must have a verified Kraken account on the Kraken mobile app and submit an application for IPO access. The offering is not available through Kraken Pro or the company’s desktop platform. Read more

Kraken and xStocks Alliance will let eligible users seek allocations in US IPOs at the offering price through tokenized shares in coming weeks. Retail investors will soon be able to participate in US initial public offerings (IPOs) at the offering price through a new tokenized equities program from Payward Services, a Kraken-affiliated company. In a Wednesday announcement, Payward Services said customers of Kraken and select members of its xStocks Alliance will be able to express interest in US-listed IPOs before companies go public and receive allocations of tokenized shares on listing day. According to the company, the shares will be issued at the IPO offering price and backed 1:1 by the underlying stock held in custody by a regulated entity, allowing eligible retail investors to access allocations that are typically reserved for institutional clients. Read more

In the wake of CFTC approval of perpetual futures contracts tied to the spot price of Bitcoin, Kraken expects to offer those to US institutional clients within "the next month." Kraken said late Friday that it expects to launch CFTC-regulated perpetual futures contracts in the US in the next 30 days, hours after the US Commodity Futures Trading Commission approved the instruments. The exchange said when it gains approval, the contracts will be listed on Bitnomial Exchange, a CFTC-regulated exchange recently acquired by Kraken's parent company, Payward. Payward said on April 17 that it was acquiring crypto derivatives platform Bitnomial for as much as $550 million, aimed at providing Kraken Pro customers with access to Bitnomial's perpetual futures offering. Read more

Kraken’s parent company, Payward, received preliminary approval from Dubai's VARA, paving the way for UAE dirham funding, margin and OTC trading and institutional access via Kraken Prime. Cryptocurrency exchange Kraken moved closer to a launch in the United Arab Emirates after its operator, Payward, received preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA), according to the company. Payward on Thursday announced its UAE expansion alongside receiving preliminary approval for a broker-dealer, investment and management licence from VARA. A spokesperson for Kraken told Cointelegraph the preliminary approval was granted on Thursday, with a full launch date to be confirmed. Read more

President Donald Trump has pushed the Federal Reserve to revisit one of the most contested gateways in US finance, escalating a fight over whether crypto and fintech firms should be allowed to connect directly to the central bank’s payment system. On May 19, Trump signed an executive order directing the Fed to evaluate its policies […] The post Trump order puts Kraken, Ripple, Coinbase and Circle in line for Fed payment rails appeared first on CryptoSlate.

Kraken has cut 150 staff due to the rising use of AI, adding to more than 5,000 layoffs across the crypto sector so far this year, Bloomberg reports. Crypto exchange Kraken has reportedly laid off some of its staff as a cost-cutting measure, which could delay its planned initial public offering in the US until next year. The company, whose corporate name is Payward, laid off about 150 workers due to efficiencies from deploying artificial intelligence across the business, Bloomberg reported on Friday, citing a person familiar with the matter. The person said AI is being used more extensively throughout Kraken, but the company is not planning further job cuts at the moment. Read more