Kingdom

Cryptocurrency

United

<img width="800" height="533" src="https://cdn.thebittimes.com/images/2023/09/28/b523ff1d3b26e7d175354ff2e12e2ef5.webp" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" srcset="https://cdn.thebittimes.com/images/2023/09/28/b523ff1d3b26e7d175354ff2e12e2ef5.webp 800w, https://cdn.thebittimes.com/images/2023/09/28/b523ff1d3b26e7d175354ff2e12e2ef5.webp 450w, https://cdn.thebittimes.com/images/2023/09/28/b523ff1d3b26e7d175354ff2e12e2ef5.webp 750w, https://cdn.thebittimes.com/images/2023/09/28/b523ff1d3b26e7d175354ff2e12e2ef5.webp 768w" sizes="(max-width: 800px) 100vw, 800px"> 
Reports indicate that the firm has successfully obtained a broker-dealer license from the U.S. Financial Industry Regulatory Authority (FINRA) as part of its expansive strategic vision. 
Cryptocurrency <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> Kraken is purportedly gearing up to introduce trading services to its users, encompassing U.S.-listed <a rel="noopener noreferrer nofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a>s and <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a>-traded funds (ETFs). 
According to a report from Bloomberg dated September 27th, the U.S.-based <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> is gearing up to unveil its trading services in both the United States and the United Kingdom sometime in 2024, and this initiative will be carried out through a specialized division known as Kraken Securities. It’s worth noting that Kraken’s endeavor to diversify its investment offerings beyond cryptocurrencies necessitates obtaining licenses from both the Financial Industry Regulatory Authority (FINRA) and the regulatory authorities in the U.K., a feat that the <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> has reportedly already accomplished. 
This move by the <a rel="noopener noreferrer nofollow" title="CRYPTOCURRENCY" href="https://thebittimes.com/tag/cryptocurrency.html">CRYPTOCURRENCY</a> <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> follows roughly a year after the now-defunct FTX.US announced its intentions to launch a <a rel="noopener noreferrer nofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a> trading platform. While certain applications, such as Robinhood, already provide a dual offering of <a rel="noopener noreferrer nofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a> and <a rel="noopener noreferrer nofollow" title="CRYPTOCURRENCY" href="https://thebittimes.com/tag/cryptocurrency.html">CRYPTOCURRENCY</a> trading services, the majority of U.S.-based digital asset <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a>s predominantly focus on cryptocurrencies and related products. 
On September 26th, Kraken made an announcement of paramount significance, revealing that it had been granted licenses in both Spain and Ireland, clearing the path for the provision of digital asset services in these regions. Concurrently, the company finds itself embroiled in a legal battle initiated by the Australian Securities and Investments Commission, which alleges non-compliance with design and distribution obligations in relation to one of its trading products. 
In February, Kraken arrived at an agreement with the U.S. Securities and Exchange Commission (SEC), culminating in a settlement involving the payment of $30 million, encompassing disgorgement, prejudgment interest, and civil penalties. Additionally, as part of the agreement, Kraken halted its staking services and programs for its U.S. clientele. Cointelegraph reached out to Kraken for comment, but as of the time of publication, no response had been received. 
The post Kraken, a cryptocurrency exchange, intends to enter the US stock market: Report appeared first on BitcoinWorld. 
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/kraken-a-cryptocurrency-exchange-intends-to-enter-the-us-stock-market-report-tbt64405.html">https://thebittimes.com/kraken-a-cryptocurrency-exchange-intends-to-enter-the-us-stock-market-report-tbt64405.html</a>

Kraken, a cryptocurrency exchange, intends to enter the US stock market: Report

TheBitTimes

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