Kraken, the prominent cryptocurrency exchange, has successfully obtained a Markets in Financial Instruments Directive (MiFID) license, positioning itself for significant growth across the European Union (EU) derivative markets. Announced on February 3, this strategic acquisition was facilitated through the purchase of a Cypriot investment firm, a deal that has received the green light from the
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Coinbase, one of the world’s leading cryptocurrency exchanges, has recently achieved a remarkable milestone by securing registration as a Virtual Asset Service Provider (VASP) in the United Kingdom. This significant advancement was announced by Faryar Shirzad, the Chief Policy Officer at Coinbase, on February 3 via social media platform X. By obtaining this registration, Coinbase
In a notable display of resilience and strategic foresight, Kraken achieved extraordinary financial growth in 2024, doubling its revenue to an impressive $1.5 billion. This accomplishment represents a staggering 128% increase compared to the previous year. The exchange’s ability to attract customers and optimize its services has allowed it not only to expand its user
After a prolonged period of regulatory scrutiny, Kraken has announced the launch of a new onchain staking product tailored for its U.S. clientele. This initiative marks a notable comeback to the staking arena in 37 states and two territories, effectively reinstating services for a significant portion of its American users. With this new offering, users
Coinbase, a prominent player in the cryptocurrency exchange market, has recently strengthened its advisory council by appointing four notable figures, most of whom have extensive backgrounds in government and finance. Among them are former U.S. Senator Kyrsten Sinema and Chris LaCivita, the co-campaign manager for President Donald Trump’s re-election campaign. The addition of these advisors
In a significant move to align with emerging European regulations, Crypto.com has announced the delisting of Tether’s USDT stablecoin, set for completion by January 31. This decision marks a pivotal shift in the exchange’s operations as it strengthens compliance with the European Union’s Markets in Crypto-Assets (MiCA) framework. Alongside USDT, Crypto.com plans to remove additional
Aayush Jindal’s name has emerged as a formidable presence in the financial trading sector, particularly in the realms of Forex and cryptocurrency. With over 15 years of extensive experience, he has not only distinguished himself as a seasoned market expert, but also carved a niche as a trusted advisor for investors navigating the often tumultuous
Ripple, a major player in the blockchain and cryptocurrency industry, has recently made headlines with its acquisition of two Money Transmitter Licenses (MTLs) in the crucial states of New York and Texas. This strategic move expands Ripple’s presence significantly in the United States, increasing its total number of MTLs to 31 across the country. New
In recent months, the House Committee on Oversight and Government Reform has taken significant steps to investigate the banking sector’s relationship with cryptocurrency firms. A formal letter was issued to multiple organizations, including major players like Coinbase and Uniswap Labs, demanding evidence of systemic debanking practices. This investigation highlights a growing concern over whether political
The landscape of cryptocurrency regulation in the United States is evolving, with the recent introduction of the Staff Accounting Bulletin (SAB) 122 signaling a transformative move by the US Securities and Exchange Commission (SEC). In a marked departure from its predecessor, SAB 121, this new directive seeks to address significant regulatory impediments that have historically