Kraken may expand the range of traditional financial services
The exchange is going to add support for trading shares and other instruments
03.11.2021 - 11:15
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What's new? The Kraken cryptocurrency exchange may add support for trading shares and other financial instruments. The platform may also start offering “small loans”. Jesse Powell, Kraken CEO, stated this in an interview with CNBC.
What is known about the company's plans? According to Powell, these are still small projects that Kraken is currently working on. It is not yet known when exactly the platform will be able to trade shares.
What had happened before? At the end of September, the US Commodity Futures Trading Commission (CFTC) ordered Kraken to pay a $1,25 million fine in the case of alleging violations of the Commodity Exchanges Act. According to the CFTC, Kraken illegally offered margin retail commodity transactions with digital assets to American customers from June 2020 to July 2021.
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