Business

Western Union Eyes Stablecoins as Remittance Giants Face Outward Pressure

Western Union has become the latest financial giant to signal interest in stablecoins, as competition heats up in the global remittance market and regulatory clarity improves.Speaking to Bloomberg on Tuesday, CEO Devin McGranahan said the firm saw three opportunities for stablecoin use around faster cross-border payments, better fiat conversion options in harder-to-reach markets, and offering…

Markets

XRP Price Hits New All-Time High After Seven Long Years

In brief XRP price set a new all-time high on Thursday, finally topping the seven-year old record. It previously peaked at $3.40 in 2018 during the ICO boom, per data from CoinGecko. Despite regulatory headwinds, which have mostly dissipated, XRP Ledger has been adopted by hundreds of financial institutions. The price of XRP rose to…

News

Strengthening sanctions compliance: Building for scale and trust

At Kraken, we’re committed to building a secure and trusted platform for our clients. Over the past few years, we’ve significantly strengthened our global compliance framework – investing deeply in the people, processes and systems that keep our platform secure. We recently reached a key milestone in that journey: the completion of a multi-year effort…

Uncategorized

6 trends to follow in 2025 as crypto hits the mainstream

By Mark Greenberg, Kraken Global Head of ConsumerThis year promises deeper integration of crypto into mainstream financial strategies, spurred by growing trust, accessibility and innovation. Here are my six top-of-mind themes for the coming year. 1. Crypto becomes a staple in the ideal investment portfolio Crypto’s historic asymmetric return profile has made it increasingly difficult…

News

Bivu Das joins Kraken as UK Managing Director

We are pleased to announce the appointment of Bivu Das as our new UK Managing Director. Bivu brings nearly two decades of commercial enterprise and fintech strategy development experience to Kraken. His arrival coincides with the UK making important strides to become a globally recognised crypto hub. Bivu will oversee our extensive network of regulatory,…

News

Kraken’s story in Canada

Now more than ever, Kraken remains deeply committed to Canada. But our commitment to the Great White North isn’t just hype. It’s a relationship that stretches back to the earliest days of Bitcoin itself. The early years Kraken’s Canada story begins in 2011 – the year CaVirtEx, an early Canadian crypto trading platform based in…