Meet in the Middle: Crypto Companies and Banks Are Evolving Together
Kraken’s move to become a bank in Wyoming is more about getting traditional finance to adapt to the crypto industry than the other way around.
Keeping Wyoming's lead in crypto banking is a priority of the state's top elected official, Gov. Mark Gordon.
The exchange had shuttered its Japanese services after Coincheck's $530 million hack in 2018 spooked regulators and prompted a crackdown.
"Stop f**king up your bulls**t DeFi scams and expecting exchanges to bail you out," Powell said.
Binance, Gemini, and Kraken have become the biggest winners since US regulators' charges against BitMEX on Thursday.
The new board members represent decentralized finance and institutional crypto alike.
According to the crypto exchange’s report, June was the most uneventful month for Bitcoin (BTC) trading since February and was marked by a reversal in correlation trends with gold and the S&P 500.