Kraken
Kraken sues PowerTrade over misappropriated funds
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Payward, the parent company of cryptocurrency exchange Kraken, has filed legal action against PowerTrade, alleging the firm misappropriated more than $6 million in digital assets.
Kraken has started offering CFTC-regulated perpetual futures to eligible US customers through its Kraken Pro platform. The contracts are listed on Bitnomial, the exchange acquired by Kraken's parent company Payward.
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Crypto exchange Kraken has been named the official crypto exchange sponsor of the FIFA World Cup 2026. The partnership will include fan-focused experiences in the U.S. and Europe.
A wave of cryptocurrency exchange initial public offerings in 2025 highlighted the sector's maturation, but recent setbacks reveal heavy dependence on Bitcoin's price movements. Gemini's post-IPO struggles and Kraken's frozen listing underscore vulnerabilities to market cycles. Exchanges must prove revenue stability beyond Bitcoin rallies to sustain investor interest.
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Nasdaq has announced a partnership with cryptocurrency exchange Kraken to develop and distribute tokenized versions of public stocks. The initiative aims to integrate blockchain technology into traditional markets, allowing investors to trade these digital assets while retaining standard shareholder rights. The platform is set to launch in early 2027, focusing initially on international markets outside the United States.