Kraken is a cryptocurrency exchange that provides spot and futures trading between Bitcoin, Ethereum and 40+ other digital assets.
Kraken is a United States-based cryptocurrency exchange and bank, founded in 2011. The exchange provides cryptocurrency-to-fiat-money trading, and provides price information to Bloomberg Terminal. As of 2020, Kraken is available to residents of 48 US states and 176 countries, and lists 40 cryptocurrencies available for trade. The company played a role in attempting to recover funds lost by investors during the 2014-15 Mt. Gox bankruptcy. According to CoinMarketCap, Kraken is the fourth-largest cryptocurrency exchange in the world (as of January 2021). In 2020, Kraken became, along with Avanti Financial Group, one of the first two crypto exchanges to be legally chartered as banks in the United States (both in Wyoming).
The SEC has dropped its case against crypto exchange Kraken, which had been ongoing since November 2023. This dismissal aligns with a broader trend of the SEC withdrawing from high-profile crypto lawsuits.
The Kraken and Deribit acquisition deal is still very intact according to sources close to the matter.
Kraken adds NOT and DOGS to its exchange, driving a 26% rally in NOT and reinforcing the TON blockchain’s growing influence.