Major United States’ crypto firms such as Coinbase and Kraken are teaming up to launch a rating system to jointly define which digital assets are securities. Crypto Ratings Council to launch on Sept. 30 In a move to provide more clarity on which tokens can be traded without the supervision of regulators, the major U.S.-based exchanges have formed the Crypto Ratings Council, the Wall Street Journal (WSJ) reported on Sept. 30. According to the report, other members of the Crypto Ratings Council include Circle Internet Financial, Bittrex, Genesis Global Trading, Grayscale Investments, Anchor Labs and DRW Holdings' Cumberland unit. The …

The Blockchain Transparency Institute (BTI) has released its latest market surveillance report which states that Kraken and Coinbase are among the cleanest cryptocurrency exchanges in the industry. BTI cleans wash trading from exchanges’ volumes On Sept. 19, the Blockchain Transparency Institute published its 5th market surveillance report that verifies reporting of cryptocurrency exchange volumes. The BTI has been publishing reports since August 2018, and through its proprietary algorithm, BTI cleans all wash trading from exchanges’ volumes. The report states: “Since the start of 2019, global wash trading has reduced by 35.7% among the real Top-40 exchanges. The process of sharing …

On Sept. 13, United States-based crypto exchange Kraken experienced a bug that allowed some users to buy or sell Bitcoin (BTC) at a notably different price from Bitcoin’s actual market price due to a reported system bug. The next day, Kraken posted a Twitter thread explaining that the bug resulted from testing an unreleased advanced order type. While Bitcoin was trying to hold $10,300 mark on the day of the reported system glitch, the exchange wrote that “some clients bought from the tester at $8,000 and others sold at $12,000 without clearing the intervening liquidity” through the bug. Bug on …

Head of over-the-counter (OTC) sales at cryptocurrency exchange Kraken Nelson Minier has compared today’s cryptocurrency trading industry to how Wall Street used to be — adding that it is still too soon to call Bitcoin (BTC) a safe haven for investors. During the Nasdaq TradeTalks interview published on Aug. 22, Minier said: “Wall Street ain't what it used to be. The first 15 years I was on Wall Street, it was fun. I was very fortunate. I started in the CDS market which feels a lot like crypto. Here you have a lot of financial innovation, a lot of trading. …

American cryptocurrency exchange Kraken is adding support for Basic Attention Token (BAT) and Waves (WAVES.) According to an announcement on Aug. 21, the exchange’s users will be able to deposit, withdraw and trade both assets starting Aug. 22. Kraken will roll out trading pairs between BAT and WAVES and Bitcoin (BTC) and Ether (ETH), as well as with fiat currencies such as the euro and the U.S. dollar. “The first trade executions will take a bit longer because sell orders cannot be placed until deposits are credited,” the post adds. BAT is an Ethereum-based token and the native token of …

Nelson Minier, head of over-the-counter (OTC) trading at major cryptocurrency platform Kraken, has stated that the OTC desk’s trades per month have increased by a factor of 20 since the beginning of last year. Minier gave his remarks in an episode of The Block’s podcast, The Scoop, on Aug. 20. Minier further remarked that “Bitcoin and Ether are the big — the whales of our desk,” additionally estimating that Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Monero (XMR), and Tether (USDT) were the top five cryptocurrencies traded by volume. Minier also gave his projections on BTC price, saying: “I don’t …

San Francisco-based cryptocurrency exchange Kraken’s users are experiencing difficulties with connecting to the site and application programming interface (API). In a tweet published on Aug. 13, Kraken warned the public that it is receiving reports of clients having issues connecting to the site and API. The exchange further states that it is investigating the issue and will post related update. Back in January, the Exchange Security Report from independent analysts at ICORating gave 16 percent of the world’s biggest crypto trading platforms an A rating, and none of them an A+. The analysis ranked Kraken (A) as one of the …

Cryptocurrency exchange Kraken has acquired Interchange, an accounting and portfolio reconciliation service provider for institutional cryptocurrency investors. A press release published on July 31 outlines that the acquisition supports Kraken’s creation of an end-to-end crypto trading and reconciliation platform. An arsenal of tools for institutional clients As the release outlines, Interchange’s co-founders and crypto veterans Dan Held and Clark Moody have evolved Interchange to serve cryptocurrency hedge funds, asset managers and fund administrators, providing them with specialized tools to monitor and report their crypto holdings and optimize their portfolios. The 60+ institutional clients using Interchange’s software include MG Stover — …

United States-based crypto exchange Kraken has partnered with Estana Custody to offer new options for fiat deposits and withdrawals in five major currencies. New funding options for USD, EUR, CAD, GBP, JPY According to an official announcement from the exchange on July 29, the partnership will bring Kraken’s global customer base access to new funding options for U.S. dollars, euros, Canadian dollars, British pounds sterling and Japanese yen. While the new onramps are not available for “Starter” Kraken accounts, “Intermediate” and “Pro” level traders can access the fiat funding options by registering their bank account and wiring funds to the …

United States cryptocurrency exchange Kraken has hired the ex-managing director of over-the-counter (OTC) trading platform B2C2 to head of development at its new Bitcoin futures operation. Kevin Beardsley, who previously led the United Kingdom-based company for a year, will now oversee Kraken Futures’ expansion as volumes hit $2.5 billion in June. Beardsley confirmed the news linking to comments he made to cryptocurrency news outlet The Block. “Being a pretty wide range of different types of participants, I have a pretty good understanding of what people are looking for and how to meet those needs,” he said. Kraken acquired its futures …

Bitcoin (BTC) is benefitting from inflows of fiat currency as stablecoin Tether (USDT) increases its supply, the CEO of cryptocurrency exchange Kraken told finance news channel TD Ameritrade Network on July 1. In an interview, Jesse Powell took issue with suspicions about tether due to its ongoing legal battle with the New York Attorney General. “Historically, when you’ve seen growth in the supply of tether, we’ve seen growth in the supply of U.S. dollars coming onto Kraken,” he said. “...I think what you’re seeing with tether is just a very transparent reflection of what is happening at the banking system …

San Francisco-based cryptocurrency exchange Kraken has raised over $13 million in financing on online investment platform BnkToTheFuture. Kraken has raised $13.5 million from 2264 investors, surpassing its initial target of $10.2 million purportedly due to popular demand. The fundraising campaign of Kraken — which has over four million clients in nearly 200 countries — is the most successful funding round by individual contributors on BnkToTheFuture. As previously reported, Kraken raised over $6 million in the first day of the campaign from almost 300 investors. On BnkToTheFuture, Kraken describes itself as the only regulated spot and futures cryptocurrency exchange with over …