Crocken Girds for more rivals and deals with Cripto heated – DL News

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Crocken Girds for more rivals and deals with Cripto heated - DL News

Kraken’s trading chief spoke with DL news.
The trump second expression changed the roles for exchange.
New participants are ready to jump on the market.

The good times are rolling to Kraken.

The comments of the United States in America could have been a new demographic retailer and institutional investors, which poured into the market this year.

And the relaxed regulatory supervision and support of President Donald Trump encourage momentum as Bitcoin and other cryptocurrially overpowered in unprecedented estimates.

But a big shift also has its shortcomings. “It’s a good and bad thing for us,” Shannon Kurtas said, a senior director in a private company DL News.

“It’s a good thing because it derives our existing business. But having regulatory clarity means more competition in the medium term from major traditional places, exchanges and sides.”

It must be said that Kurtu will enter him.

Euphoria on the market

After winning Trumps Election Win 5. November, Euphoria in the market helped the cries of trading SOAR 148% to 665 billion dollars 2024 years, and income more than doubled to $ 1.5 billion.

The rally should also go out to join the Merch of Connection and Acquisition Kurtas said. Case in Point: Robinhood is $ 200m purchase Bitstamp in June.

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The optimistic vibra is a far cry from the day of the minir administration.

“Regulatory authority means that the risk for other people to enter the market is lower.”

– Shannon Kurtas, Kraken

Previous by Garler Glensler, the Securities Commission, tried to force Crocken, Coinbase, Bynance and other crypto investments to comply with the law on depression and bonds.

Litigation – and a lot of protests – followed.

At 2023, Kraken paid $ 30 million To resolve a lawsuit of a second via Crypto Exchange service. Kurtas refused to comment on the litigation.

Gesler’s Reign had a favorable impact on companies with ambitions of debit shares in public markets, Chris Tirer said, Head of Strategy in Peter Thiel Cripto Excert Cripto.

This helped listed companies such as Exchange Giant Coinbase enjoy a “unfair advantage”, “Tyrer said in a DL News event In London at the end of November.

It can be changed soon.

Strategic options

Kraken, together with Tirer’s Bullish company, is among several – including Circle, Ripple and Gemini – They explored potential initial public offers.

Kurtas did not comment on his IPO plans, but a spokesman said DL News: “We always investigate all the strategic options available to us to decide what is in the best interests of business and its stakeholders.”

Kraken regained members of the members for us again last monthAnd so far, the new administration takes a different such from its predecessor.

President Trump issued The Executive Executive Order directly deals with the crypto industry in January. He said the administration would estimate the crypto strategic reserve and establish a working group for the development of new digital property policies.

Kurtas said that change in feeling after the trump elections, new applications for exchange and “dormant clients again became active”, both among retail and institutional investors.

He also believes that it should become easier for new companies to join the industry.

“Regulatory authority means that the risk for other people to enter the market or to invest more resources is much lower than it was before,” he said DL News. “It would change Calculus for companies in the next four plus years.” Kurtas said it wasn’t even too worried about the rival attack.

“Where there is an increase in the competition, it will be limited to the main property,” he said, such as “the simplest instruments, where things will become more faster.”

‘I can’t get enough’

But said Kraken has a competitive advantage.

“We have established the start of the head,” partly, because Kraken acts globally globally, said Kurtas. “We have our own Block Engineering – we do not rely at any third party to support the property in our name.”

He also said that he was on the hunt for new engagements, although he was refused to say how much or in which time frame. “It is a very competitive market, a small market and so we are constantly hunting for top talent.”

The skills that are most pronounced KRKEN’s business are traders who have currency and quantitative trading, he said.

“And lawyers. I can’t get enough lawyers.”

Trista Kelley is DL News’ Editor-in-Chief. Liam Kelly is a Berlin Reporter for DL News. You have the top? Send it by email at liam@dlnews.com.