Kraken Enhances its US Presence through Acquisition of TradeStation Crypto
Kraken, a well-known cryptocurrency exchange, has expanded its reach in the United States through the acquisition of TradeStation Crypto.
- By acquiring TradeStation Crypto, Kraken gains access to additional regulatory licenses in the US.
- TradeStation Crypto, based in Florida, has secured money transmission licenses and other regulatory approvals across various states.
A spokesperson for Kraken highlighted that this strategic move will boost the companyโs growth and introduce new product opportunities in the US market.
Introducing TradeStation Crypto: Krakenโs New Asset
TradeStation Crypto, a subsidiary of TradeStation Group, was launched in November 2020.
- It is among the pioneering online brokers exclusively focused on cryptocurrencies.
- The platform aims to offer similar functionalities and performance as traditional stock, options, and futures markets.
TradeStation Crypto stands out for its innovative approach, consolidating various liquidity pools and utilizing an efficient order processing system for enhanced visibility and execution.
In early 2022, TradeStation Crypto made headlines by unveiling the Miami Bull statue in collaboration with the visionary mayor of Miami, Francis X. Suarez.
Krakenโs European Expansion and Crypto Offerings
Kraken is not only focusing on the US market but also eyeing expansion opportunities in Europe.
- The exchange recently obtained VASP registration in the Netherlands, approved by the Dutch Central Bank.
- This enables Kraken to provide a range of crypto services, including exchange, transfer, custody, and wallet management in the Dutch region.
Furthermore, Kraken has introduced a non-custodial cryptocurrency wallet for iOS users, allowing them to securely store and manage their digital assets.
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