Kraken chosen as distribution partner by the FTX Debtors

We have entered into an agreement with FTX Trading Ltd. (“FTX”) and its affiliated debtors (the “FTX Debtors”) to assist in distributing recoveries to retail customers in supported jurisdictions in accordance with the U.S. bankruptcy court-approved FTX Chapter 11 Plan of Reorganization. To ensure clients...

2 min read

Kraken partners to help simplify tax reporting for U.K. clients

By Bivu Das, Kraken U.K. General Manager “Tax complexity itself is a kind of tax.” This famous quote from U.S. Senator Max Baucus resonates regardless of your country of residence. In the emerging crypto ecosystem, there are additional complications given the lack of clear and...

5 min read

Kraken completes 2024 Proof of Reserves

We are thrilled to announce we have completed our latest Proof of Reserves. This independent procedure, by a third party accountant, allows clients to verify their account balances are fully backed with on-chain assets, custodied securely by Kraken for supported cryptocurrencies as of a Sept....

4 min read