Kraken’s quarterly revenue more than doubled as the crypto exchange accelerates plans for a U.S. public listing in 2026. Bloomberg reported on Wednesday that Kraken disclosed a 114% year-over-year jump in third-quarter revenue to $648 million, with adjusted earnings hitting $178.6 million, marking a strong turnaround from a slight loss a year earlier. The report […] Source
Safello, a cryptocurrency exchange focused on the Nordic countries, is sponsoring the Swedish Cup in Counter‑Strike 2025, Sweden’s largest national esports tournament taking place in November 2025 and culminating with finals in Stockholm. The partnership marks Safello’s first esports sponsorship and will feature the brand across Fragbite Group channels, Expressen, and live broadcasts on Twitch, […] Source BitcoincryptoexchangeExchanges CryptoX Portal
A small cap payments altcoin is rallying after receiving support from Coinbase, the top US-based crypto exchange. Coinbase says it is enabling trading of the crypto asset Keeta (KTA). Keeta is a layer-1 blockchain project that aims to unify payment networks by enabling secure cross-chain transactions for real-world assets (RWAs). Last month, Coinbase added Keeta to its listing roadmap, indicating the potential to list the coin for trading in the future. Coinbase established the listing roadmap in 2022 to increase transparency, and reduce the risks of front-running and insider trading.…
Key takeaways: The number of XRP whale addresses hits 317,500 record highs, indicating accumulation. XRP price must break the $2.59 resistance first for a chance to regain $3. XRP (XRP) bounced from Friday’s lows of $2.18, rising as much as 13% to an intraday high of $2.48 on Monday. A strong technical setup and whale activity showed that the XRP/USD pair was primed for a trend reversal toward $3 in the coming days. What’s behind XRP’s rebound? XRP whales remain confident about the prospects of a further rally, using the…
The crypto investment landscape in the UK just took a significant step forward as British investors get access to Bitcoin through regulated markets. Summary BlackRock has launched its iShares Bitcoin ETP on the London Stock Exchange under the ticker IB1T. The FCA recently lifted its ban on crypto ETNs and sped up licensing for digital-asset firms. The launch expands BlackRock’s global crypto footprint and signals the UK’s shift toward regulated Bitcoin access. According to an October 20 CoinDesk report, BlackRock has launched its iShares Bitcoin Exchange-Traded Product on the London…
Altcoins have not quite recovered from the significant downturn that hit the financial markets a week ago. Most large-cap cryptocurrency assets, including Bitcoin, are either revisiting their low from the previous week or struggling to mount any real pressure from their current position. For instance, the largest altcoin by market cap, Ethereum, after briefly returning to above $4,200 earlier this week, is back to its level in the aftermath of the October 10th bloodbath. According to the latest on-chain data, it appears that investors are increasingly losing confidence in the…
Germany to require CFD-style warnings for turbos Among a set of headlines shaping the market this week, Germany’s financial regulator, BaFin, will introduce new restrictions on turbo certificates starting next year. The rules come after data showed that 543,000 retail investors traded turbos between January 2019 and December 2023, with 74.2% of them incurring losses. Join IG, CMC, and Robinhood at London’s leading trading industry event! Under the new framework, all platforms offering turbo certificates to German retail investors, including third-party sites advertising these products, must prominently display a standard…
Kraken has acquired Small Exchange, a Commodity Futures Trading Commission (CFTC)-regulated Designated Contract Market, for $100 million, marking a major step in its plan to expand crypto derivatives offerings in the U.S. Small Exchange Deal Expands Kraken U.S. Derivatives Reach Kraken has taken another decisive step in its U.S. expansion by acquiring Small Exchange, a […] Source
Cryptocurrency exchange Kraken announced today it has acquired Small Exchange, a futures exchange regulated by the U.S. Commodity Futures Trading Commission (CFTC), for $100 million from IG Group. The strategic acquisition of the Designated Contract Market (DCM) license is a significant move that paves the way for Kraken to launch a fully U.S.-native derivatives product suite. The acquisition is central to Kraken’s strategy to build a unified, high-performance trading environment, allowing it to create markets for exchange-listed derivatives in the massive U.S. capital market under CFTC oversight. Kraken Co-CEO Arjun…
Key Notes Kraken has acquired a CFTC-licensed DCM dubbed Small Exchange. According to the announcement, the acquisition advances Kraken’s mission to build a unified, high-performance trading environment. Kraken recently launched its “Perps” perpetual trading product. Top cryptocurrency exchange Kraken has acquired a CFTC-licensed Designated Contract Market (DCM) dubbed Small Exchange. It completed the acquisition with IG Group, for $100 million, laying the foundation for Kraken to launch a fully US-native derivatives venue and product suite. Moreover, it expands the operations of the cryptocurrency exchange in the country. Kraken Sets Pace…