Kraken has expanded its xStocks offering to the European Union, allowing investors to trade tokenized U.S. stocks and ETFs.
Kraken is also expanding xStocks token support to include BEP-20, a token standard for the Binance Smart Chain network.
Breakout was founded by four crypto industry veterans: TraderMayne, CryptoCred, Alex Miningham, and Abetrade in 2023.
After hitting its latest all-time high (ATH) on August 14, Bitcoin (BTC) has been on a steady decline, trading just above the $110,000 level at the time of writing. While some analysts opine that the crypto bull run may be over, on-chain data suggests that there is at least one more major leg up ahead for BTC. Bitcoin Bull Market Over? Not Quite According to a CryptoQuant Quicktake post by contributor CoinCare, as much as 50,000 BTC has been withdrawn over the past two days from crypto exchange Kraken. This was followed by another major withdrawal of 15,000 BTC. The CryptoQuant analyst stated that such significant withdrawals are not something that is typically observed near the peak of a bull market cycle. Instead, at market tops, exchanges witness an influx of BTC or other cryptocurrencies, signalling distribution. Related Reading: Bitcoin Eyes $150,000 As Binance Illiquid Supply Hits Record Highs Although retail demand for BTC is currently fragile, a few big wallets are still accumulating BTC in large quantities. Past data shows that retail demand for BTC surges rapidly at bull market tops. However, the current tepid demand suggests that BTC has “at least one major leg up ahead.” That said, fellow CryptoQuant analyst caueconomy offered a contrasting take. According to their analysis, major BTC holders continue to reduce their exposure to the digital asset, recently reaching the largest coin distribution in 2025. Notably, BTC whale reserves have tumbled by 100,000 coins in the past 30 days, showing high risk aversion among large investors. As a result, heightened selling pressure has been weighing down on the BTC price, pushing it below $108,000 in late August. The analyst added: At this time, we are still seeing these reductions in the portfolios of major players, which may continue to pressure Bitcoin in the coming weeks. Technicals Point Toward Renewed Strength While BTC whales – investors holding 1,000 to 10,000 BTC – may be reducing their exposure to the cryptocurrency, technicals point toward further room for growth for the leading digital asset by market cap. Related Reading: Bitcoin Delta Cap And Coinbase Premium Gap Signal Resilient Market Structure – Details For instance, noted crypto analyst Titan of Crypto shared the following chart on X, saying that BTC is close to invalidating the bearish double-top pattern on the daily chart. Once BTC convincingly pushes above the neckline, it could provide new bullish momentum to the asset. That said, there are some signs of caution. For instance, crypto analyst Doctor Profit recently stated that if BTC fails to defend the $107,000 – $108,000 support level, then it may risk falling all the way down to $90,000. Similarly, a breakdown below the $98,000 level could spell disaster for the flagship cryptocurrency. However, the long-term bull case for BTC remains intact. At press time, BTC trades at $110,460, down 0.9% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Crypto.com, Coinbase, and Kraken maintain their leadership positions in the USD-supported exchange landscape.
Superstate unveiled Opening Bell this past May to bring SEC-registered equities onchain, starting with Solana.
The expansion of xStocks aims to integrate tokenized stocks with Ethereum’s vast DeFi ecosystem., the firms said.
Kraken has opened a new round of dialogue with the US Securities and Exchange Commission’s (SEC) Crypto Task Force, focusing on how tokenization could be integrated into regulated financial markets. An internal agency memo confirmed that the exchange met with the task force on Aug. 25 to present ideas on how tokenized trading systems might […]
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The World Federation of Exchanges (WFE) has called on financial regulators to tighten oversight of tokenized stocks, warning that the products could expose investors to hidden risks and undermine trust in traditional markets. Reuters reported on Aug. 25 that WFE warned that tokenized equities replicate the appearance of stocks without conferring the same rights or […]
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Kraken becomes the first major crypto exchange to fully deploy distributed validator technology for Ethereum staking with SSV Network.
A full 65% of those surveyed expect digital assets to deliver stronger growth than equities over the next 10 years.
The exchange's xStocks — tracking assets like Apple, Nvidia, and Tesla — were initially launched on Solana and soon expanded to BNB Chain.
The purchase brings text-based strategy design, testing and automation to Kraken Pro users.
An Ethereum ICO-era wallet deposited another $19.9M in ETH to Kraken, bringing seven-day exchange deposits to 9,803 ETH as ether slipped on Monday.
Crypto exchange Kraken has announced the suspension of Monero (XMR) deposits following a confirmed 51% attack on the network on August 12. The attack was linked to the Qubic mining pool, which managed to control over half of Monero’s hashrate, peaking at 2.6GH/s. This dominance allowed Qubic to conduct a six-block deep reorganization of Monero’s […]
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The UK-listed firm accepted 1,097.29 BTC in lieu of $96.9 million in cash at the request of a significant number of subscribers.
Robinhood and Kraken have both reported strong year-over-year (YoY) gains in their crypto-related metrics, even as quarter-over-quarter (QoQ) results show signs of pressure. On July 30, the two trading platforms released their Q2 2025 earnings, highlighting growth in user activity, asset volume, and strategic product rollouts amid broader market volatility. Robinhood’s crypto revenue surge Robinhood […]
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The exchange highlighted market turbulence related to the imposing of steeper tariffs by President Trump on trade with the U.S.
Kraken said its revenue rose 18% year-on-year in the second quarter of this year, but its adjusted EBITDA declined 7%.
The move would 'unlock a new wave of use cases powered by onchain protocols and infrastructure,' the crypto exchange said.
Jesse Powell is no longer under investigation for alleged hacking tied to a nonprofit he co-founded.
The Justice Department has dropped its investigation into Kraken co-founder Jesse Powell tied to a nonprofit group, according to Fortune.
Aave expects the initiative to expand its presence in the institutional lending space, alongside earning a share of Ink's revenue.
XRP has hit a new all-time high of $3.65, driven largely by a spike in trading activity across South Korea and the United States. Data from CryptoSlate shows that XRP ranked among the top five most traded digital assets over the past 24 hours, trailing only behind Bitcoin, Ethereum, and the stablecoins USDT and USDC. […]
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The initiative comes on the heels of acquiring CFTC-regulated futures trading platform NinjaTrader for $1.5 billion.
Circle's blockbuster IPO last month has brought crypto listings back into the spotlight, but the bigger question is what comes next.
Bybit, another of Pump.fun's exchange partners, has apologized to its users who experienced similar issues during the token sale.
Kraken has announced the expansion of its xStocks product to Binance-backed BNB Chain, marking a significant step toward making tokenized US equities more accessible globally. According to a July 9 statement, Kraken’s users outside the United States will soon be able to deposit and withdraw tokenized stocks, such as AAPLx, TSLAx, SPYx, and NVDAx, via […]
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Kraken has been gaining momentum over the past month, with its market share climbing to 29% since the start of the year.
The launch of xStocks on BNB Chain comes on the heels of debuting on Solana DeFi protocols last week.