Circle Pivots to Stablecoin Platform as More Execs, Teams Depart
Circle will focus on its stablecoin business next year, following the sale of its OTC desk to Kraken and the departure of its chief financial and legal officers.
Kraken Futures is ramping up its Russian expansion with the hiring of a new representative, ICBIT founder Aleksey Bragin.
Kraken, which considers USDC the world's fastest-growing stablecoin, adds it a day after Binance removed certain trading pairs for the stablecoin.
With its acquisition of Bit Trade, Kraken is making a major push into the Asia-Pacific region.
The exchange's CEO said the cost of responding to law enforcement requests for user data was over $1 million.
The cryptocurrency exchange is being sued by an ex-employee who alleges the company unfairly fired him for raising serious issues with its business practices.