Crypto exchange Kraken is acquiring Backed Finance, a firm specializing in tokenized stocks and ETFs. The move is a major push into the real-world asset (RWA) tokenization market, which is projected to grow significantly in the coming years.
Several crypto exchanges, including Bitvavo, experienced a brief outage this morning due to a larger issue with internet infrastructure provider Cloudflare. The problem was resolved within 16 minutes.
Julian Maddocks, a seven-year veteran at Kraken, shares insights into how crypto exchanges handle market crashes, the importance of transparency, and the human element behind the technology.
Julian Maddocks, a seven-year veteran at crypto exchange Kraken, argues that the current market fear is not a sign of weakness but a necessary transition. He highlights growing institutional adoption, new products like tokenized stocks, and the long-term potential of crypto despite short-term volatility.
Kraken introduces its ‘Krak’ crypto debit card in the Netherlands, offering automatic crypto rewards on purchases as an alternative to low savings rates, with a €15 Bitcoin welcome bonus for new users.
Kraken has introduced the Kraken Card across Europe, a Mastercard-powered debit card allowing users to spend crypto or euros and earn 1% cashback on all purchases.