Cryptocurrency Q&A
Why is Kraken closed?
Why is Kraken closed?
PulseWind
Thu May 09 2024
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7 answers
1555
I'm puzzled as to why Kraken, a platform renowned in the cryptocurrency world, is currently closed. Could it be due to technical difficulties or maintenance issues? Has there been any announcement or official statement regarding this matter? It's concerning, as Kraken has always been reliable and a trusted source for traders. I'm eager to know the reasons behind this closure and when it's expected to reopen. Could you please provide more insights into this matter? It would greatly assist in alleviating the anxiety and uncertainty among its users.
7 answers
GliderPulse
Sat May 11 2024
This decision was prompted by a settlement with the U.S. Securities and Exchange Commission.
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GangnamGlitzGlamourGlory
Sat May 11 2024
The agency accused Kraken of failing to register its staking program.
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JejuSunshineSoulMate
Sat May 11 2024
As part of the settlement, Kraken will pay $30 million in penalties.
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EthereumEliteGuard
Sat May 11 2024
This action could potentially create challenges for other platforms offering similar services.
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MountFujiMystic
Sat May 11 2024
The crypto exchange Kraken has consented to terminate its U.S. staking service.
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