Kraken's parent posted $508M in Q2 adjusted revenue Payward's growth is broadening well beyond crypto trading, as @krakenfx pushes into equities, derivatives and payments. The result lands in a week where @Gemini posted a $108M quarterly loss and Swissquote cut guidance on falling crypto income.

Kraken just made cross-chain transfers easier @KrakenFX has removed the age-old friction of copying wallet addresses by integrating @Meshpay for exchange-to-exchange deposits. This design lets customers make direct deposits into their @KrakenFX wallets from @Coinbase upon its launch, through a safe, secure handshake that removes the hassle and delays of typical on-chain transactions. This product is designed with a "Web2-style" customer experience in mind, removing the technical hurdles that keep most people from using crypto.

Kraken has just launched its official debit card. Leading CEX @krakenfx has just launched its own crypto debit card, for now available in the UK and Europe and powered by @Mastercard. The card supports more than 600 different crypto assets and offers 0% fees, as well as 2% cashback on $BTC and fiat-based purchases.

kraken just listed 7 bittensor subnet tokens at once. lium, score, hippius, vanta, ridges, chutes, targon. first time a tier-1 exchange validated the subnet token model. here's the problem: most of these subnets emit 20-40% token supply annually. combined subnet revenue across the entire network is likely under $10m/yr. at those emission rates you need revenue to 2-3x every single year just to hold earnings per token flat. the listing creates a liquidity event and a hype window but the dilution math is merciless. check emission schedules before you touch any individual subnet token. if you believe in the thesis but can't underwrite individual subnet revenue growth, TAO captures upside from all surviving subnets without the single-subnet dilution risk. 5 of these 7 probably go to zero. the 2 that find real product market fit compound for years

Kraken Custody’s 1st RWA (by @centrifuge) is a AAA CLO CLOs like JAAA may generate yield less sensitive to Fed rate moves than a money market fund → Different strategy, different exposure Kraken Custody offers multiple ways to put your assets to work

Kraken's Parent Company Has Cut Some 150 Employees... According to a report from CoinDesk, the parent company of the industry-leading @krakenfx exchange has laid off some 150 employees in an "optimization effort". The exchange joins a long list of major crypto firms to have cut large numbers of team members - a list which includes @cryptocom, @Gemini and, more recently @Dune.

Kraken Parent Payward Cuts 150 Jobs Ahead of Planned IPO According to CoinDesk, Payward, the parent company of crypto exchange Kraken, is laying off approximately 150 employees as part of an optimization and restructuring effort ahead of its planned IPO. The company employs around 3,000 staff globally. The company confidentially filed a draft S-1 with the U.S. SEC last November and is seeking fresh funding at a $20 billion valuation.