US Crypto Exchange Market Sees Shakeup as Binance.US Share Drops to 1%
June 21 (Cointime) - The US crypto exchange market is experiencing significant changes as Binance.US's market share has plummeted to just 1%. Meanwhile, Coinbase's market share has also declined, dropping to 50% since the start of 2023. Other exchanges, such as LMAX, Bitstamp, and Kraken, have made notable gains in the market.
Kraken Launches NFT Marketplace Supporting Over 250 Tokens Across Ethereum, Solana, and Polygon Blockchains
Kraken, a cryptocurrency exchange, has officially launched its NFT marketplace after beta testing, offering support for over 250 NFTs across Ethereum, Solana, and Polygon blockchains.
Kraken Confronts Cryptocurrency Funding Gateway Issues and Legal Challenges
Kraken, a major cryptocurrency exchange, experienced delays in deposit and withdrawal processes due to difficulties with several cryptocurrency funding gateways, including Bitcoin, Ether, and ERC-20 token. The platform acknowledged investigating the issue and provided updates on their efforts to resolve it, but did not disclose the root cause of the delays.
Kraken Crypto Exchange Hires New CTO to Prepare for Possible Bullrun and Explore AI Applications in Crypto
Kraken, a leading US crypto exchange, has hired Vishnu Patankar as its new CTO. Patankar brings over 20 years of experience in technology development, having previously worked at companies such as Microsoft, Amazon, Intel, and Groupon. His most recent role was as CTO of StockX, where he played a key role in launching NFTs.
Companies Seek Further Guidance on Proposed Changes to Crypto Asset Reporting
Kraken, Ernst and Young, and BlockFi are among the companies requesting further guidance on proposed changes to crypto asset reporting by the Financial Accounting Standards Board (FASB). Kraken specifically requested guidance on stablecoins, wrapped tokens, and NFTs.
Kraken Investigating Crypto Funding Gateway Issue with Bitcoin, Ethereum and ERC20
Kraken, a cryptocurrency exchange, is investigating an issue with several crypto funding gateways, including Bitcoin, Ethereum, and ERC20. The exchange's status page announced that deposits and withdrawals are currently delayed, with updates stating that they are working on a solution.
ArbitrumOne User Transfers $31M Worth of USDC and USDT to Kraken
MistTrack, a blockchain monitoring tool, has reported that an ArbitrumOne user transferred 17 million USDC and 14 million USDT, worth a combined $31 million, to the cryptocurrency exchange Kraken about half an hour ago. The transaction was carried out using a custom L1 Arb address, 0xcEe284F754E854890e311e3280b767F80797180d.
Ethereum Co-Founder Jeffrey Wilcke Transfers $41M Worth of ETH to Kraken
Jeffrey Wilcke, co-founder of Ethereum, has transferred 22,000 ETH, worth around $41 million, to the cryptocurrency exchange Kraken. This is the first time he has transferred ETH from his address in 29 months, with his last transfer occurring in January 2021 when he moved 15,000 ETH to Kraken. Despite the recent transfer, Wilcke's address still holds over 150,000 ETH, worth approximately $280 million.
Kraken Lowers Maker and Taker Fees for Shiba Inu and Pepe Futures Trading for Next 100 Days
Kraken has lowered its maker and taker fees for perpetual futures trading of Shiba Inu and Pepe. The announcement came shortly after Kraken added new perpetual futures trading pairs for SHIB and PEPE. Users will enjoy lower fee tiers on these assets for the next 100 days, with 0% maker fees and 0.01% taker fees. Kraken's perpetual futures contract allows traders to speculate on the prices of different crypto assets without owning the underlying asset.
Kraken Benefits from Staying in Canada as Crypto Rivals Withdraw
Kraken, a cryptocurrency exchange, has seen a 25% increase in customer deposits in Canada following the departure of rivals Binance and OKX. The company also experienced a fivefold increase in downloads of its mobile apps for Canadian clients after OKX announced its plans to leave in March. Kraken has been in Canada for over 10 years and has more than 250 staff there. The company's managing director for Canada, Mark Greenberg, said that the Canadian regulatory approach works for them, despite some limits on trading and margin.
