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Kraken Set To Let Users Borrow Funds Against Their NFTs


  US crypto exchange Kraken is working on a new functionality which would enable its users to borrow funds against their non-fungible tokens (NFTs), according to the company's CEO, Jesse Powell. “If you deposit a CryptoPunk on Kraken, we want to be able to reflect the value of that in your...

Digital Currency Exchange Kraken Acquires Crypto Staking Firm Staked


The digital asset company Kraken announced it has acquired the non-custodial staking platform Staked for an undisclosed sum. While the sum of the purchase was not disclosed, the company claims that it was “one of the largest crypto industry acquisitions to date.” Kraken Acquires...

Kraken Crypto Exchange Seeks EU License, Eyes Expansion in Europe


U.S.-based cryptocurrency exchange Kraken is preparing to expand operations in the European market, according to the German press. The coin trading platform is in talks with regulators and plans to acquire a license in an EU member state, its founder Jesse Powell revealed. Kraken to Enter European...

Jesse Powell: Bitcoin Banker


In 2011, Jesse Powell stored digital assets for online gamers. Now, his crypto exchange has created a bank for which he helped develop the rules

Crypto Facilities Gets FCA Nod to Set up Crypto Futures Venue


Crypto Facilities, a subsidiary of Kraken cryptocurrency exchange, has obtained a Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA). An MTF is a European regulatory term for a self-regulated financial trading venue. MTFs are an alternative to...

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