Bitget Wallet integrates Kraken-backed xStocks tokenized equities
In recent developments, the self-custodial wallet platform integrated Kraken-backed xStocks infrastructure, adding more than 130 tokenized stocks and ETFs for users. Looking closer, market participants highlight key drivers such as…
Kraken parent Payward sees revenue surge as tokenization expands
In recent developments, payward said futures trading activity rose 51% year-over-year as Kraken’s parent expanded through acquisitions including Bitnomial, Backed and Reap. Looking closer, market participants highlight key drivers such…
Kraken cuts 150 staff amid AI efficiencies, potentially delaying IPO: Report
In recent developments, 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…
Kraken to Migrate Wrapped Bitcoin Tech to Chainlink as LayerZero Exodus Expands
In recent developments, crypto exchange Kraken is the latest firm to shift away from LayerZero tech following last month’s $292 million Kelp DAO exploit. Looking closer, market participants highlight key…
Kraken Parent Acquires Asian Stablecoin Firm Reap for $600 Million: Bloomberg
In recent developments, the deal marks Kraken’s largest acquisition as it pushes into Asian cross-border payments through stablecoin infrastructure. Looking closer, market participants highlight key drivers such as liquidity flows,…
Kraken Parent Payward Targets OCC Charter to Unlock Institutional Digital Ass…
In recent developments, payward, the parent company of Kraken, has filed an application with the Office of the Comptroller of the Currency for a national trust company charter aimed at…
Kraken Parent Payward Applies for OCC National Trust Bank Charter
In recent developments, crypto exchange Kraken is seeking a U.S. federal banking charter to complement its Wyoming SPDI subsidiary. The development has drawn attention from traders and analysts who are…
Kraken parent Payward to buy Reap in $600M stablecoin payments push
In recent developments, kraken parent Payward agreed to buy Hong Kong-based Reap for up to $600 million, adding card issuance and stablecoin payment capabilities to its new B2B platform. Looking…
Kraken Launches US Spot Margin Trading With up to 10x Leverage
In recent developments, kraken has launched regulated crypto spot margin trading for eligible U.S. users on Kraken Pro, offering up to 10x leverage without accredited investor status. The service runs…
Kraken, Moneygram Expand Crypto Off-Ramps Across 100+ Countries
In recent developments, kraken and Moneygram are linking crypto balances to cash withdrawals through a global pickup network. The partnership supports local-currency payouts across hundreds of fiat currencies and more…
XRP Struggles Near $1.10 Despite Ripple’s EU Regulatory Milestone
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