The acquisition is a component of Kraken’s strategy to expand its footprint in the U.S.
TradeStation has money transmitting licenses from over 40 states in the U.S.
Kraken, a cryptocurrency exchange, has acquired TradeStation Crypto, boosting its regulatory license in the U.S. TradeStation Group, a division of Monex Group, has a digital assets subsidiary called TradeStation Crypto.
The acquisition is a component of Kraken’s strategy to expand its footprint in the US, according to a company representative. Additionally, he spoke highly of the acquisition’s potential to open doors to new product prospects and increased growth for Kraken in the American market.
Strategic Acquisition
Moreover, the acquisition of TradeStation is a major coup for Kraken since TradeStation has money transmitting licenses from over 40 states in the US. But earlier this year, the crypto broker ran into trouble when it was fined $3 million by the U.S SEC for selling crypto-lending products tha
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