Kraken’s Trading Volume Rises Amid Conflict with SEC
US-based crypto exchange Kraken faced pressure last week from the Securities and Exchange Commission as the regulator suspected the platform of violating securities laws and launched an appropriate investigation.
The SEC chairman Gary Gensler has been demanding over the past few years that all crypto companies register with the SEC and operate in compliance with applicable law.
The watchdog has said that Kraken provides betting services to US users.
As a result, the trading platform refused such services and paid a fine of $30 million as compensation. It was this investigation that became one of the main reasons for the fall of the crypto market, analysts say.
Trading on Kraken, on the contrary, began to grow. Last Friday it increased immediately by 15%.
