Everything web3, crypto, defi, degen
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…
In brief Crypto custody firm BitGo confidentially filed for an initial public offering (IPO). The firm was last valued at $1.75 billion following a $100 million fundraise in 2023. If approved, it will join a growing list of crypto firms that have gone public in 2025 like Circle and eToro. Crypto custody provider BitGo confidentially…
In brief Hungary’s updated criminal code imposes penalties up to 8 years in prison for unlicensed crypto exchange operators and up to 5 years for large-scale traders. The law targets illegal operations while allowing compliant exchanges to continue operating, though unclear implementation details have created market uncertainty. EU-licensed exchanges will be able to operate in…
We’re thrilled to announce that Kraken has secured a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA) from the Central Bank of Ireland (CBI). This marks a pivotal milestone in our European expansion, unlocking the ability to scale faster across the region by offering regulated services and engaging directly with clients across all…
With Europe’s institutional appetite for digital assets increasing and its regulatory framework firming up, we recently hosted Unlocking Derivatives: Regulation, Markets & Beyond. The session convened market leaders and asset managers to talk through the growing relevance of crypto derivatives for professional investors. Following our recent launch of Europe’s largest regulated futures offering, here’s a…
Earlier this week, Bybit announced their exit from France. We’re proud to be expanding in France and across Europe, fully committed to operating in compliance with regulatory requirements. As one of the longest-standing crypto exchanges, we’ve built a strong foundation in Europe, where we are a leader in euro trading volumes and continue to prioritize…
Today we announced the closing of the Coin Meester B.V. (BCM) acquisition, a key element in our European growth strategy. With the acquisition of BCM, one of the Netherlands’ oldest and most respected registered crypto brokers, we have significantly expanded our Dutch footprint and enhanced our business with a registered Virtual Asset Service Provider (VASP)…
This registration will allow us to expand into an important European market and offer our industry leading products to Dutch clients. We are committed to growing our business in compliance with European regulations and have obtained a number of registrations over the past year. In addition to the Netherlands, we hold registrations in Spain, Italy…
Kraken is thrilled to announce our planned acquisition of Coin Meester B.V. (BCM) in the Netherlands. The deal highlights our commitment to growing our business in Europe by leveraging our strong financial position and highly competitive product offering. Founded in 2017, BCM is one of the Netherlands oldest and most respected registered crypto brokers. The…
