Crypto Market Rout Fuels Global Exchange Volumes — Kraken, Coinbase Report Co...
Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60 billion in trade volume. Out of the top ten crypto exchanges by trade volume, exchanges saw increases between 126% to 305% during the past day. While the exchange volumes soared, the trading platforms Coinbase and Kraken reported the exchanges suffered from connectivity problems. Tuesday’s Crypto Exchange Volume Jumps 183% Higher Than Last Week, Top 5 Exchanges Record More Than....
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Kraken’s mobile crypto trading app is now available across the United States, except for New York and Washington. Major global cryptocurrency exchange Kraken has launched a mobile crypto trading application in a new move to boost industry adoption in the United States.The company announced Wednesday that its new app is now available for most of the United States as well as other countries around the world for both iOS and Android users.The app allows users to trade more than 50 cryptocurrencies like Bitcoin (BTC) and Ether (ETH) via smartphones. The move follows a rollout of the Kraken....
Crypto exchange Coinbase disclosed a $1.1 billion loss on revenue of $803 million in the second quarter, a bigger-than-anticipated loss as investors apprehensive about this year’s volatility in assets avoided trading in cryptocurrencies. Both numbers fell short of analysts’ forecasts and are below what the company reported in the first three months of the year. […]
Abu Dhabi Global Market has awarded a full financial license to crypto exchange Kraken. “Kraken will be the first global virtual assets exchange group in the UAE to offer investors the ability to invest, trade, withdraw and deposit virtual assets (bitcoin and ether) directly in local AED currency,” the regulator explained.
Kraken Establishes Middle East Headquarters
Abu Dhabi Global Market (ADGM) announced Monday that cryptocurrency exchange Kraken has become “the first global virtual assets exchange group in the UAE to receive a full financial license from....
Bitcoin and digital asset exchange Kraken has ceased Namecoin trading form the exchange after determining that the currency did not warrant the effort to continue support due to low trading volumes. Kraken has revealed that it will not continue to keep or support Namecoin, following an assessment of supported coins in its exchange prior to making certain technical upgrades. A blog post by Kraken explains that the exchange had to “reassess which coins were worth keeping and which would be worth the additional effort to continue to maintain.” In making the assessment, it was determined that....
A London-based trust with ties to the Rothschild banking family, acquired a stake in crypto exchange Kraken last month. The $5.3 billion dollar investment trust RIT Capital Partners has acquired a stake in leading crypto exchange Kraken. The London based-trust, formerly named Rothschild Investment Trust, holds ties to the Rothschild banking family of England through Chairman Jacob Rothschild. In an April 12 note to investors, James Glass described the exchange “one the world’s biggest crypto exchanges having been founded in 2011. It has more than 6M clients and is the 4th largest exchange....