SoFi, Kraken tie up as crypto and banking push into each other's turf
Kraken is joining SoFi’s settlement network and list SoFiUSD as the companies link traditional banking with crypto markets.
Kraken
Kraken users briefly locked out after a flood of sanctioned crypto transactions
The activity, appearing to spread sanctioned funds to trigger account restrictions, occurred between Aug. 17 and Aug. 24.
Kraken parent Payward's Q1 revenue climbs despite crypto market slump
Co-CEO Arjun Sethi said the firm kept investing through market weakness, leaning on acquisitions and futures growth to offset softer spot trading.
Kraken parent Payward closes $550 million Bitnomial deal, securing full CFTC derivatives stack
Payward, the parent company of crypto exchange Kraken, has completed its acquisition of Bitnomial, giving the firm a full U.S. derivatives stack regulated by the Commodity Futures Trading Commission (CFTC). The deal gives Payward control of Bitnomial’s futures broker, exchange and clearinghouse licenses. That structure… Read More
Kraken filed 56 million crypto tax forms for 2025. One-third were below $1
Crypto exchange Kraken says it filed 56 million crypto-transaction forms with the U.S. Internal Revenue Service (IRS) for the 2025 tax year. Roughly 18.5 million of them covered transactions worth less than $1, and over half were for $10 or less. Only 8.5% of the… Read More
STS Digital unveils structured crypto platform, brings in Kraken as distribution partner
STS Digital, a trading firm specializing in crypto options, unveiled a structured-products platform aimed at sophisticated investors as digital assets gain growing acceptance among traditional financial institutions. One month after raising $30 million, the Bermuda-based company said the platform, which covers 400 tokens, is aimed… Read More