Non-fungible token (NFT) trading volumes may have dropped nearly 98% since January, but several industry executives tell Cointelegraph it's nothing to fear as the technology continues to develop and mature. Jonathon Miller, managing director of cryptocurrency exchange Kraken in Australia said “despite NFT market activity and sales volume having slowed down in September, we are still seeing positive adoption signals at an institutional level and continued growth in use cases.” He told Cointelegraph that the company remains “bullish on the NFT space” and believes it will be “just as disruptive and innovative as Bitcoin was 10 years ago," and said …

The newly appointed CEO of crypto exchange Kraken has stated that he has no plans to register the company with the Securities and Exchange Commission (SEC) or delist any tokens that have been labeled by the SEC as securities. In a Reuters report on Thursday, incoming CEO Dave Ripley said he doesn't see a reason to register with the SEC as an exchange because it does not offer securities. "There are not any tokens out there that are securities that we're interested in listing," he said. However he did not rule out listing security tokens entirely, noting that "there could …

Jesse Powell, the co-founder and chief executive officer of cryptocurrency exchange Kraken, has reportedly stepped down after more than 11 years at the platform. According to a Wednesday report from Bloomberg, Powell will be succeeded as CEO by chief operating officer Dave Ripley, who has been with Kraken since 2016. The former CEO will stay with the crypto exchange as the chair of the board, while the company searches for a new COO over the next few months. Powell reportedly said his decision to step back was due to Kraken growing in size: “It’s just gotten to be more draining …

There's a dizzying array of crypto exchanges out there — with the market becoming increasingly saturated as new trading platforms emerge. Want to make deposits with a particular fiat currency? There's an exchange for you. Want to retain control of your keys? You can go decentralized. Determined to keep trading fees to an absolute minimum? No problem — some sites offer zero commission. Many exchanges also offer a tailored approach depending on whether you're an expert or a beginner. TradeSanta, which offers automated crypto trading bots to the masses, has been keeping a close eye on the evolution of exchanges. …

A company that offers automated crypto trading bots has rolled out support for another exchange. TradeSanta says its infrastructure has now been integrated with Kraken — with spot and futures trading available. It's hoped this latest collaboration will introduce a new audience to trading bots, and forms a crucial part of TradeSanta's strategy to integrate as many exchanges as possible. TradeSanta's powerful tools can already be used across Binance, HitBTC, Huobi Global, Upbit, OKX, Binance US, Coinbase Pro, FTX and Bybit. Paid subscriptions can unlock access to TradingView Screener signals and Custom TradingView signals. According to the company, its suite …

A report from blockchain analytics platform Nansen highlights five entities that hold 64% of staked Ether (ETH) ahead of Ethereum’s highly anticipated Merge with the Beacon chain. Ethereum’s shift from proof-of-work to proof-of-stake is set to take place in the coming days after final updates and shadow forks were completed in early September. The key component of The Merge sees miners no longer used as validators, replaced by stakers that commit ETH to maintain the network. Nansen’s report highlights that just over 11% of the total circulating ETH is staked, with 65% liquid and 35% illiquid. There are a total …

On Wednesday, cryptocurrency exchange Kraken announced that it would continue to hire over 500 roles in various departments amid a market downturn. The company's hiring efforts are in stark contrast to a week of severe layoff announcements from major blockchain firms such as Coinbase, BlockFi, etc. In support of the decision to expand its staff, Kraken said: "We have not adjusted our hiring plan, and we do not intend to make any layoffs. We have over 500 roles to fill during the remainder of the year and believe bear markets are fantastic at weeding out the applicants chasing hype from …

The crypto winter has emotions running high. Kraken CEO Jesse Powell came under fire for his defense of listing the new LUNA, also known as LUNA 2.0, which seeks to bring the original LUNA — now known as Luna Classic (LUNC) — and TerraUSD — now known as TerraUSD Classic (USTC) — back from the dead. Respected names in the crypto industry such as Nic Carter of Castle Ventures spoke out against the decision, while in a separate tweet thread, Powell lashed out at short-seller Jim Chanos, who had built a large short against Coinbase, Kraken’s biggest competitor. Carter simply …

Crypto exchange Kraken has opened a waitlist for its nonfungible token, or NFT, marketplace in beta more than four months after CEO Jesse Powell announced the initiative. In a Tuesday blog post, Kraken said it had opened the waitlist for its marketplace, which will allow users to buy and sell NFTs and reportedly, use tokens as collateral for loans. According to the exchange, users will not incur any gas fees for trading NFTs that are custodied with Kraken — gas fees are only incurred for transferring tokens and NFTs off the platform. In addition, Kraken’s marketplace will feature a “rarity …

Californian crypto exchange Kraken becomes the second virtual asset platform after Binance to receive regulatory approval to operate in the Abu Dhabi international financial center and free zone, Abu Dhabi Global Market (ADGM). In a CNBC interview, Kraken’s managing director Curtis Ting explains the importance of diversifying trading pairs to local currencies instead using the traditionally available United States dollar or Great British pounds in global markets. With the new operational license in Abu Dhabi, Kraken aims to better integrate with local banks and payment service providers. According to Ting, this will help the crypto exchange bring global-level liquidity to …

The Golden City is losing its shine as one of the largest United States-based cryptocurrency exchanges closes its San Francisco-based headquarters. Kraken CEO, Jesse Powell retweeted that Kraken will close its global headquarters on 548 Market Street, in the center of San Francisco. In the retweet shared by a San Francisco-based political commentator, Richie Greenberg, the decision cites that: “We shut down Kraken’s global headquarters on Market Street in San Francisco after numerous employees were attacked, harassed and robbed on their way to and from the office.” Cointelegraph reached out to the Kraken team for comment and will update if …

Major American cryptocurrency exchange Kraken reportedly started implementing the Bitcoin (BTC) Lightning Network for users a bit later than the firm originally planned. Bitcoin maximalist Mr.Hodl took to Twitter on Wednesday to report that Kraken has implemented the Lightning Network. He attached a screenshot of the supposed new Kraken withdrawal process allowing users to complete a withdrawal request from a Lightning wallet to receive BTC from their accounts. “The Lightning network runs on top of the Bitcoin blockchain to enable more uses of Bitcoin,” Kraken’s withdrawal notice on the screenshot reads. It's official! @krakenfx has implemented the Lightning Network. Congrats …