Kraken Provides Comprehensive Guide on Crypto Taxation
Kraken Provides Comprehensive Guide on Crypto Taxation
š Tax Time Demystified
Kraken, a leading cryptocurrency exchange, has released a comprehensive guide on cryptocurrency taxation in the United States. The guide, available on Kraken's Learn Center, aims to educate users on the importance of understanding cost basis when calculating crypto taxes. It covers various aspects of crypto taxation, including reporting requirements, tax implications of different transactions, and strategies for minimizing tax liabilities.
Cost basis is an important part of understanding your crypto taxes. Check out Kraken Learn Centerās complete US crypto tax guide for moreš kraken.com/learn/crypto-tā¦
Kraken Launches VIP Service for High-Value Clients
Kraken has launched **Kraken VIP**, a premium service targeting high-value clients who "move markets" rather than just follow them. The VIP program offers three key benefits: - Dedicated VIP relationship managers for personalized support - Early access to new products and features before general release - Curated VIP experiences and networking opportunities The service is currently **available to select clients only**, suggesting exclusive eligibility criteria. This follows Kraken's earlier launch of Kraken+, their premium subscription service for enhanced trading. Interested users can visit [kraken.com/VIP](http://kraken.com/VIP) to learn more about qualification requirements and program details.
Kraken Lists LAVA Token for Cross-Chain Data Routing Protocol
**LAVA Network token ($LAVA) is coming to Kraken exchange** on December 10 at 10:00 AM UTC. **What is LAVA?** - Protocol that routes dApps and AI agents to fastest data providers - Works across multiple blockchain networks - Currently in post-only trading mode **Key Details:** - Full trading begins December 10 - Users can prepare by visiting [Kraken's LAVA page](https://app.kraken.com/JDNW/LAVA) - Follows Kraken's recent pattern of listing infrastructure tokens This listing expands access to cross-chain data infrastructure tokens for retail traders.
Kraken Partners with Deutsche Bƶrse to Bridge Traditional Finance and Crypto Markets
**Kraken announced a strategic partnership with Deutsche Bƶrse Group** to integrate traditional finance (TradFi) with cryptocurrency markets. **Phase One: FX Trading** - Partnership begins with foreign exchange trading through Deutsche Bƶrse's 360T platform - Aims to provide seamless access between traditional and digital asset markets **Future Expansion Plans:** - Derivatives trading integration - Enhanced liquidity solutions - Kraken Embed services - xStocks product offerings **Key Impact:** *Institutional access to crypto markets receives significant upgrade* through this collaboration with one of Europe's largest exchange operators. The partnership represents a major step toward mainstream adoption, allowing traditional financial institutions to access crypto services through established infrastructure. [Read full announcement](https://blog.kraken.com/news/deutsche-borse-strategic-partnership)
š Walrus Protocol Expands
**Walrus Protocol ($WAL) now available to US and Canadian users** on Kraken exchange. The decentralized storage protocol allows users to **store large datasets on-chain**, expanding access to blockchain-based data storage solutions. - Available through [Kraken's platform](https://app.kraken.com/JDNW/WAL) - Targets big data storage needs - Previously listed on Crypto.com with fiat currency support This expansion brings decentralized storage capabilities to North American markets, offering an alternative to traditional cloud storage services.
BSU Token Now Trading on Kraken Exchange
**BSU token by @bsuniverse_ofcl is now available for trading on Kraken.** The Web3-focused cryptocurrency can be traded immediately through the exchange platform. This listing continues Kraken's recent expansion of available tokens, following similar launches of RLS, ESPORTS, and other digital assets in recent weeks. Traders can access BSU through Kraken's trading interface, with additional information available on the exchange's official blog for those interested in learning more about the token's features and use cases.