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The rumors were fueled by reports citing anonymous sources and a job posting from Kraken which highlighted that the company is "enthusiastic" about layer-2 solutions. Crypto exchange Kraken neither confirmed nor denied rumors of the company’s plans to potentially release a layer-2 solution similar to what its competitor Coinbase did with Base network earlier this year.  The rumors were fueled by reports citing anonymous sources and a job posting from Kraken highlighting that the organization is looking to hire a senior cryptography engineer who would be in charge of designing and implementing cryptographic protocols and “ layer-2 solutions.” Within the job post, Kraken also noted that its team has “recently embarked on exploring how more protocols and decentralized applications can be integrated” into its crypto ecosystem. The post also noted that the company is enthusiastic about layer-2 protocols. Kraken’s job posting for a senior cryptography engineer. Source: Lever Co...

Kraken plans to launch a stocks and exchange-traded funds (ETF) trading platform through a new division called Kraken Securities in 2024. Clients who meet the requirements will gain automatic access to a portfolio balance that includes stocks, crypto assets, and ETFs.  While the exchange is eyeing the U.S. and U.K. markets, it will need authorities’ permission to trade shares and funds. You might also like: Kraken secures virtual asset service provider registration in Spain, Ireland Reportedly, Kraken has already received a license in the U.K. The exchange has also applied for registration with the U.S. Financial Industry Regulatory Authority. Kraken is expanding outside the U.S., where regulations are less strict. They were recently approved to offer crypto exchange and wallet services in Spain. This move also puts them in direct competition with existing platform s providing traditional and digital assets. In February, Kraken was forced to shut down i...