Kraken, a cryptocurrency exchange, is reportedly planning to offer users trading services for stocks listed in the United States and exchange-traded funds (ETFs). The exchange is expected to launch its services in the U.S. and U.K. sometime in 2024 through a division called Kraken Securities. To do so, the exchange will need to obtain licensing from the Financial Industry Regulatory Authority and financial regulators in the U.K., which it reportedly already holds.Kraken has also recently received licenses in Spain and Ireland related to offering digital asset services. However, the company is facing a civil suit brought by the Australian Securities and Investments Commission for allegedly failing to comply with design and distribution obligations for one of its trading products. In February, Kraken reached an agreement with the U.S. Securities and Exchange Commission to pay $30 million in disgorgement, prejudgment interest and civil penalties as well as halt its staking services and programs to U.S. clients.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇺🇸 🇬🇧 🇪🇸 🇮🇪 🇦🇺
Sentiment	neutral
Relevance Score	9
People	None
Companies	Financial Industry Regulatory Authority, Australian Securities and Investments Commission, Kraken, FTX US, Robinhood, U.S. Securities and Exchange Commission.
Currencies	Ethereum, Bitcoin, Euro, US Dollar, British Pound
Securities	None