Kraken's chief legal officer, Marco Santori, has revealed that the exchange carries out a thorough compliance, cybersecurity, and legal review process before listing any crypto assets for trading. Santori explained that Kraken selects only a few tokens from thousands of options based on the business case and user interest. The chosen assets then undergo a compliance review for sanctions laws and politically exposed persons, a cybersecurity check, and a legal review to ensure they are not securities.

Kraken has appointed Mark Jennings, a hedge fund veteran, as CEO of Crypto Facilities, its UK-based cryptoasset derivatives trading facility for institutions. The platform provides regulated access to cryptocurrency futures to a global client base, with the majority being based in the UK and Europe.

The price of ETH has increased by 0.5% in the past 24 hours, reaching $1,919 after a previously inactive participant in the Ethereum ICO sold $116 million of the token via Kraken. Despite this large sale, ETH has risen by 2% in the last seven days and by 11% in the last 30 days, and has increased by 60% since the beginning of the year.

An Ethereum ICO participant who had been inactive for over eight years has resurfaced and transferred 61,216 ETH, worth over $116 million, to crypto exchange Kraken. The participant had received the ETH for only 31 cents a coin at Ethereum's Genesis, worth around $18,980 at the time.

According to Whale Alert's monitoring data, an address that has been dormant for 8 years has just been activated. On-chain information shows that the address has transferred 61,216.4 ETH (~$116 Million) to Kraken.

Kraken, a crypto exchange, has seen its share of U.S. spot volume more than double in the past 18 months due to increased interest in the Kraken Pro app. The platform has also experienced a five-fold increase in users from January to June 2023.

The native token of r/CryptoCurrency users on Reddit, Moons, saw a surge in value on Monday after representatives from Kraken hinted that it could potentially be listed on the exchange. Moons doubled in value, rising 104% to $0.19 over the past 24 hours. Reddit users earn Moons based on their activity in the subreddit and can use them for tipping between users.

Crypto exchanges Coinbase and Binance.US have lost market share in the United States following regulatory crackdowns and lawsuits by the SEC. Rivals Kraken, Bitstamp, and LMAX Digital have seen their market shares increase, with Kraken now holding around 29% of the market share.

YouTuber and streamer Kitboga collaborated with Kraken to expose and take down a call center crypto scam. The scam involved a fake security alert that directed victims to call a fake hotline, where fraudsters posing as cybersecurity experts manipulated them into making payments, handing over login credentials, or even control of their devices. Kitboga worked with Kraken to set up a fake account that appeared to contain a large amount of Bitcoin, which the scammers attempted to withdraw from. Kraken's sting operation gathered data on multiple crypto wallets used by the call center operators, which was shared with other exchange operators to freeze assets and close the net on the perpetrators' crypto laundering operation.

Despite the lack of recognition from most African governments, cryptocurrency traders are still utilizing various exchanges across the continent. These exchanges offer different transaction costs and trading options, allowing customers to track their investments. Among the recommended exchanges are Bybit, Kraken, Coinbase, Binance, and Gemini, with the latter two prioritizing security and offering tools for passive income generation. Gemini is also a qualified custodian under the New York State Department of Financial Services, emphasizing its regulatory compliance.