Kraken’s generated trading volume for the past 24 hours increased by almost 15%.
The surge contrasts with the company’s issues prompted by the recent SEC investigation and the consecutive termination of staking services.
- Data extracted from CoinMarketCap and CoinGecko revealed that Kraken’s 24h trading volume stands at around $757 million, or a 14% increase.
- Based on numerous factors, including average liquidity, volume, and Web traffic, the company collects a score of 7.4 (out of 10), making it the third most-trusted crypto platform after Binance (9.9) and Coinbase (7.8). It’s worth noting that this comes from CMC, which is owned by Binance.
- The latest figures indicate that its performance has not been harmed by the SEC’s recent crackdown, at least for now.
- The American regulator probed Kraken over possible violation of rules when offering securities as staking services to US consumers. Gary Gensler – SEC’s Chairman – previously urged all cryptocurrency entities to register with the watchdog.
- The agency’s actions against staking services forced Kraken to terminate such offerings. The exchange also paid $30 million in disgorgement, prejudgment interest, and civil penalties.
- Despite the problems, it has not reported any wave of withdrawal requests, hinting that users remain unfazed by the dispute with the American regulator at the moment.
- However, the news negatively affected the cryptocurrency sector. The global crypto market cap dropped by 4% to 1.07 trillion (GoinGecko’s data), while BTC plunged below the $22,000 price tag.
- Leading altcoins, such as ETH, BNB, ADA, DOGE, and SOL, have also headed south.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://cryptopotato.com/despite-sec-troubles-krakens-trading-volume-climbs-double-digits/
- 000
- 1
- 10
- 15%
- 7
- 9
- a
- actions
- ADA
- After
- against
- AI
- All
- Altcoins
- American
- and
- and SOL
- around
- average
- background
- below
- binance
- Binance Futures
- bnb
- border
- BTC
- cap
- chairman
- CMC
- code
- coinbase
- CoinGecko
- collects
- color
- company
- Company’s
- consecutive
- Consumers
- content
- Crackdown
- crypto
- Crypto Market
- crypto market cap
- crypto platform
- cryptocurrency
- data
- deposits
- Despite
- digits
- Dispute
- Doge
- double
- double digits
- dropped
- enjoy
- Enter
- entities
- ETH
- Ether (ETH)
- exchange
- Exclusive
- external
- factors
- Fees
- Figures
- First
- Free
- from
- Futures
- Gary Gensler
- generated
- Gensler
- Global
- Global Crypto
- headed
- HOURS
- HTTPS
- in
- Including
- Increase
- increased
- indicate
- interest
- internal
- investigation
- issues
- IT
- Kraken
- latest
- Liquidity
- Making
- Margin
- Market
- Market Cap
- might
- million
- moment
- negatively
- news
- numerous
- offer
- offering
- Offerings
- owned
- paid
- past
- performance
- platform
- plato
- Plato Data Intelligence
- PlatoData
- possible
- previously
- price
- problems
- Reading
- receive
- recent
- register
- regulator
- remain
- Reported
- requests
- Revealed
- rules
- SEC
- sector
- Securities
- Services
- Share
- SOL
- solid
- South
- special
- Sponsored
- Staking
- staking services
- stands
- such
- surge
- TAG
- The
- Third
- to
- Trading
- trading volume
- traffic
- Trillion
- true
- unFaZed
- us
- users
- VIOLATION
- volume
- watchdog
- Wave
- web
- Web Traffic
- which
- while
- withdrawal
- worth
- Your
- zephyrnet
More from CryptoPotato
Reef Finance Launches its IDO Platform Called ReefStarter
Source Node: 837601
Time Stamp: May 4, 2021
ADA Price Analysis: Cardano at Critical Support, is $0.40 In Sight?
Source Node: 1323954
Time Stamp: May 24, 2022
Indonesia’s Central Bank Bans the Use of Cryptocurrencies for Payments
Source Node: 924813
Time Stamp: Jun 16, 2021
Thailand’s Tourism Authority Intends to Launch its Own Utility Token: Report
Source Node: 1090392
Time Stamp: Sep 29, 2021
PrivacySwap: Multiple BSC-Based Yield Farming Opportunities
Source Node: 980071
Time Stamp: Jul 15, 2021
US Authorities Seize $54 Million in Crypto From New Jersey Narcotics Ring
Source Node: 2379824
Time Stamp: Nov 12, 2023
Axie Infinty (AXS) Explodes 20% Weekly, Bitcoin Remains Stable Above $17K: Market Watch
Source Node: 1770066
Time Stamp: Dec 10, 2022
DeFi Platform Struct Finance Sees 129% Gains in 7-Day TVL, Ranks First on Avalanche
Source Node: 2175808
Time Stamp: Jul 18, 2023
OKEx Launches New Platform to Accelerate DeFi and NFT Adoption
Source Node: 1054843
Time Stamp: Sep 2, 2021
ETH is Facing Critical Support at $3K: Huge Move Incoming? (Ethereum Price Analysis)
Source Node: 1267718
Time Stamp: Apr 17, 2022
Fidelity Allows BTC in 401k, BlackRock’s Blockchain ETF, Musk’s Twitter Saga: This Week’s Crypto Recap
Source Node: 1283508
Time Stamp: Apr 28, 2022