The crypto-trading giant’s Canadian assets under custody have doubled over the past year, Kraken head of Canada Alex Mehrdad said in an interview. The growth comes from a rebound in crypto assets–particularly Bitcoin–and an uptick in new users and monthly transacting users, he said. (The Logic)
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The crypto-trading giant’s Canadian assets under custody have doubled over the past year, Kraken head of Canada Alex Mehrdad said in an interview. The growth comes from a rebound in crypto assets–particularly Bitcoin–and an uptick in new users and monthly transacting users, he said. (The Logic)
Talking point: The crypto world is riding high. Bitcoin hit another all-time high Wednesday of US$94,000, amid excitement over new options trading products on Bitcoin ETFs and ongoing euphoria over the re-election of crypto-friendly Donald Trump. But challenges persist: monthly trading volumes remain below their 2021 peaks, platforms like Kraken have announced layoffs, and Canadian crypto firm WonderFi’s stock price continues to languish. Mehrdad said Kraken is focused on onboarding new users and promoting crypto as a long-term asset class, rather than as a speculative tool.
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