The stablecoin issuer Paxos partnered with the crypto exchange Kraken, the retail trading giant Robinhood and a handful of other digital asset firms to launch a new stablecoin network for enterprises. The new “Global Dollar Network” is an open network that aims to increase stablecoin usage around the globe, according to a new press release […]
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Kraken has announced the completion of its 2024 Proof of Reserves, an independent verification process conducted by a third-party accountant. This procedure allows clients to confirm that their account balances are fully backed by onchain assets. The latest attestation, which became available on November 1, 2024, covers a total value of over $21.5 billion in […] 
We’re thrilled to announce that Global Dollar ($USDG) is now available for trading on Kraken! Funding and trading Trading for $USDG is live as of 21:00 PM UTC November 4, 2024. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your […]
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US-based crypto exchange Kraken is hinting at reducing its workforce amid plans to change how it innovates and rolls out products for its users. In a statement, Kraken co-CEOs Arjun Sethi and Dave Ripley say the company is aiming to operate more efficiently to pursue its ambition of becoming the leading crypto exchange. “To continue […]
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We are thrilled to announce we have completed our latest Proof of Reserves. This independent procedure, by a third party accountant, allows clients to verify their account balances are fully backed with on-chain assets, custodied securely by Kraken for supported cryptocurrencies as of a Sept. 30, 2024 snapshot.
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Kraken has announced the launch of a licensed broker offering specifically designed for Australian wholesale clients, providing access to a range of crypto-based derivatives products. This new service allows eligible clients to manage risk and gain exposure to cryptocurrency price movements without the need to hold the underlying assets. The offering is backed by Kraken’s […] 
We’re thrilled to announce our new licensed broker offering that will service eligible Australian wholesale clients with a broad suite of exciting crypto-based derivatives products. Starting today, we will enable wholesale clients to acquire crypto-based derivatives via our Australian financial services licensed broker. Our new crypto derivatives broker offering provides both flexibility and depth to […]
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The Kraken crypto trading experience comes to desktop for Windows, Mac and Linux
The post Meet Kraken Desktop: The powerful, customizable, lightweight trading app appeared first on Kraken Blog.
Kraken hinted that its managerial structure would be reformed, without explaining the details.
Cryptocurrency exchange Kraken has declared “a new day,” with the appointment of new co-CEO Arjun Sethi and a managerial shakeup. There is also an unconfirmed report that 15% of the staff has been laid off.
Sethi is also the co-founder and chairman of Silicon Valley venture capital investor Tribe Capital and has been a member of the Kraken board since 2021. He will share the top position at Kraken with David Ripley.
In addition to disclosing Sethi’s appointment, Kraken announced coming fundamental changes on its blog on Oct. 30. “We need to be leaner and faster,” it said. Apparently, Kraken’s organizational structure is in for an overhaul. According to the blog:
A message from Arjun Sethi and Dave Ripley, co-CEOs of Kraken
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