United States & Kraken

United States: The United States market is the primary target for Kraken's new regulated perpetual futures, as the launch aims to bring previously offshore trading activity onshore within a regulated framework.

Kraken: Kraken has launched CFTC-regulated perpetual futures for US customers, expanding its product offerings and strengthening its position in the US crypto derivatives market. This move allows Kraken to capture a significant portion of the perpetual futures trading volume that was previously conducted offshore.

United States: The United States is the regulatory and market environment where Wintermute is expanding, with its broker-dealer registration and New York office growth.

Kraken: Kraken is similarly mentioned as an exchange expanding into tokenized assets, contributing to the convergence narrative.

United States: The U.S. regulatory environment, including the CLARITY Act delay, affects crypto markets and Bitwise's operations.

Kraken: Kraken reportedly cut around 150 positions in May, potentially affecting its planned U.S. public listing.

United States: The United States is the initial market for the launch of MoneyGram's MGUSD stablecoin, with plans for a global rollout.

Kraken: MoneyGram partnered with crypto exchange Kraken to allow users to convert crypto into cash, demonstrating MoneyGram's broader engagement with the crypto ecosystem.

United States: Citadel Securities is based in the US; regulatory developments mentioned.

Kraken: Received a $200M investment from Citadel Securities in November 2025, similar to Crypto.com's deal. Competes with Crypto.com in the exchange space.

Kraken: Kraken>>>, operated by Payward>>>, secured regulatory approval from Pakistan — Drug Regulatory Authority of Pakistan>>> in United Arab Emirates — Dubai>>>, enabling it to offer regulated crypto services in the United Arab Emirates>>>. This strengthens its presence in the Middle East and allows for expanded service offerings.