Kraken's Jesse Powell: Banks are the Biggest Hurdle for Bitcoin Businesses

Kraken's Jesse Powell: Banks are the Biggest Hurdle for Bitcoin Businesses

Even though Kraken is based in the US and facilitates exchanges between a number of different cryptocurrencies, its customer base is decidedly euro-driven. In fact, according to BitcoinAverage, Kraken has over 50% of the EUR/BTC market. That makes it the largest player in that trading pair. Due to regulatory issues in the US (which has 50 different states with 50 different ideas about money transmission), Kraken leans on its European banking partnership with Germany-based Fidor. Even with that geographic bent, being San Francisco-based has had benefits for Kraken, and, in March, the....


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Kraken CEO Jesse Powell Issues Tough Critique of ‘Reckless’ DeFi Launches

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