Transaction URL: https://bithomp.com/explorer/674D9FB349998FBF761E13E8875117BE77D9C6A771A8504D5DDA798333E01A63
- Crunch
- Global
Kraken’s revenue skyrocketed to $1.5 billion in 2024 marking a monumental 128% increase from the previous year. With $42.8 billion in customer assets the cryptocurrency exchange showcases a robust health in the sector underpinned by an impressive $665 billion trading volume.
The resumption of staking services in the US positions Kraken as a key player ready to lead in fostering Bitcoin’s growth. Their proactive adaptation to regulatory landscapes and strategic enhancements in services like futures and margin trading illustrate a forward-thinking approach.
Speculation about Kraken’s potential public listing swirls as industry watchers anticipate a 2025 debut on traditional stock exchanges. This move along with their financial success spells a promising outlook for Bitcoin leading the charge in the mainstreaming of cryptocurrencies.
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Crypto rideshare has died…again.
Teleport — a decentralized rideshare startup — promised lower prices for riders, higher earnings for drivers and bountiful rewards for early adopters. But on Thursday, the project shut down, run aground trying to make the business work.
Fellow OGs, I sense your déjà vu. Arcade City, La’Zooz, Chasyr, Ridecoin and more have all attempted to break Uber and Lyft’s stranglehold using blockchain-based incentives. Somehow, each has failed to gain social purchase.
Like a lot of DePIN projects, the crypto rideshare concept depends on collective…
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