Kraken wants to expand to Europe in 2021

Kraken cryptocurrency exchange wants to expand outside the United States. The company’s team is working to obtain a European license later this year and launch the digital items market.

Kraken: The battle for the global market

Crypto exchange Kraken does not want to lag behind in the race to dominate the global cryptocurrency market and is actively working to expand to Europe. The company’s CEO, Jesse Powell, confirmed his efforts to enter the European continent in an interview with the German news portal Handelsblatt.

According to Powell, everything will be ready by the end of this year. He did not reveal further information about the negotiations, but assured that Kraken is very interested in Malta, Luxembourg or Ireland. His team is already in consultation with these countries.

In addition to expanding into Europe, the crypto exchange also works on other services for its clients. In the near future, users could look forward to the NFT segment and decentralized applications. In an interview, Powel said he was watching the game scene and the phenomenon of blockchain games.

“We would like to have a marketplace through which people could trade with the NFT. I believe that we will see a number of applications for NFT in the coming years. “

In the footsteps of Coinbase, the exchange is also trying to get to the public. Powell explained that they deal with all the complex regulatory documentation so that Kraken could enter the NASDAQ.

“We have to compile a huge checklist with 1000 tasks. It’s good for us that Coinbase was the first to get public. “

Conclusion

Kraken cryptocurrency exchange could compete with many leading exchanges, such as Coinbase, under a European license. The NFT market would only be a pleasant diversification of services. You can read the whole interview under the attached link HERE.