Kraken, the cryptocurrency exchange, is looking to expand its services in the UK by establishing a derivatives unit. According to Bloomberg, this move is part of their ambition to become one of the top players in the cryptocurrency derivatives market.
Data from July shows a major shift in the crypto landscape, with Kraken leapfrogging Coinbase in altcoin liquidity, dethroning the incumbent as the US’s most liquid altcoin exchange.
Kraken, a major cryptocurrency exchange, is in a heated battle with the IRS over customer information. It’s putting customer privacy over compliance with the IRS, citing client rights to privacy and warning of potential cybersecurity threats from releasing the requested data.