Kraken, a well-known cryptocurrency exchange, aims to strengthen its position in the US market by purchasing TradeStation Crypto, the division of online brokerage TradeStation responsible for digital asset transactions. This acquisition brings Kraken additional licenses, enhancing the company’s regulatory status in the United States.
TradeStation Crypto, which is headquartered in Florida, has obtained numerous regulatory licenses and approvals in the United States over the past few years, including money transmission licenses in many states. With Kraken’s acquisition of TradeStation Crypto, its well-established regulatory framework could be leveraged to introduce new offerings and expand growth prospects in the US market.
Although the financial specifics of Kraken’s acquisition remain undisclosed, an email from one of their representatives confirmed the deal as part of their plan for swift US growth. Previously, the parent company of TradeStation Crypto, following a $3 million settlement with the SEC over lending services, chose to depart from the cryptocurrency sector.
Kraken has recently added another significant achievement to its continuous growth journey by acquiring a Dutch cryptocurrency firm. This deal grants the company EU-wide licenses for providing virtual asset services.
Read More
- Nadaaniyan song Galatfehmi OUT: Ibrahim Ali Khan, Khushi Kapoor’s heartbreaking separation in love will leave you emotional
- Pop-Tarts and Krispy Kreme Kick Off 2025 With Collaborative Menu
- Cookie Run Kingdom Town Square Vault password
- Alec Baldwin’s TLC Reality Show Got A Release Date And There’s At Least One Reason I’ll Definitely Be Checking This One Out
- The First Trailer for The Weeknd’s ‘Hurry Up Tomorrow’ Film Is Here
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- JJJJound’s Made in Germany adidas Superstars Drop This Week
- Lars Eidinger on Berlin Opener ‘The Light’: “We, the Privileged Wealthy, Are the Problem”
- Ryan Gosling’s Star Wars Movie Here’s Everything We Know
- ‘The Last of Us’ Gets Season 2 Premiere Date
2024-04-19 00:20