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Kraken, one of the largest cryptocurrency exchanges in the world, has reconfirmed its support for Tether (USDT) on the continent of Europe, despite the ongoing regulatory grey area. The exchange is getting ready to comply with the new Markets in Crypto-Assets framework of the European Union but will still offer USDT. This is quite big, as it marks Kraken’s seriousness about its.
The statements made publicly by Kraken, therefore, reinforce the market amid increased scrutiny of USDT and other stablecoins. Marcus Hughes, global head of regulatory strategy at Kraken, told CoinDesk the exchange would be able to meet the growingly high regulatory expectations without changing its operations with Tether in any way—a reversal of previous rumors that Kraken would remove support for USDT due to regulatory compliance.
It will further develop features in which TradeStation Crypto has gained and built influence from the acquired features and create a European headquarters located on the continent between France and Ireland. This will strengthen the fact that Kraken is in a powerhouse position for dominance and well established with more influence as it continues to acquire TradeStation Crypto.
