Kraken

**Kraken has fully acquired BackedFi**, the company behind xStocks tokenized equity platform. The acquisition aims to create **unified infrastructure** for tokenized equities to reach global scale. With xStocks now in-house, Kraken plans to accelerate development of **24/7 capital markets**. **Key implications:** - Tokenized stocks and ETFs under one roof - Round-the-clock trading capabilities - Streamlined infrastructure for digital assets This move builds on Kraken's previous partnership with BackedFi launched in May 2025, expanding their tokenized securities offerings. [Read full announcement](https://blog.kraken.com/news/backed-acquisition)

**Kraken unveils three major initiatives** to expand crypto accessibility and developer tools. **Krak Card** enables users to spend over 400 crypto assets directly in the UK and EU, bridging digital currencies with everyday purchases. **Kraken Ramp** offers developers a single API to integrate buy/sell functionality into any application, streamlining crypto commerce integration. **Kraken Forge** launches as a global hackathon platform, inviting developers worldwide to build innovative crypto solutions. These launches represent Kraken's push into mainstream adoption through practical spending solutions, developer infrastructure, and community building initiatives.

**XRP ETFs** made a strong debut in the market this week, signaling growing institutional interest in the digital asset. **Europe** rolled out **3x leveraged crypto ETFs**, offering investors amplified exposure to cryptocurrency movements with higher risk and potential returns. **Bitcoin** found support at the **$80,000** level, bouncing back after testing this key psychological price point. These developments highlight continued institutional adoption and product innovation in the crypto space.

**FF token by FalconStable is now available for trading on Kraken**, marking the launch of their universal collateralization system. The token transitioned from post-only mode to full trading capabilities today. **Geographic restrictions apply** to the listing. - Universal collateralization feature now unlocked - Full trading begins after post-only period - Available through Kraken's standard trading interface Traders can access FF through [Kraken's platform](https://p.k.xyz/9f1e/FALCONF) with standard trading pairs and features.

**Kraken has offered to list two major tokens** from the Hyperliquid ecosystem on launch day: - **USDH**: A Paxos-issued stablecoin with free USD on/off ramps - **HYPE**: Hyperliquid's native token The listing is **pending approval** through Kraken's standard diligence process. This partnership connects three major players: - Kraken (major exchange) - Hyperliquid (DeFi protocol) - Paxos (regulated stablecoin issuer) **Background context**: Hyperliquid recently added USDT support in August, allowing permissionless asset listings and tapping into the world's largest stablecoin liquidity.

**WMTX token is now available for trading on Kraken**, marking the launch of the first Layer 3 blockchain specifically designed for DePIN (Decentralized Physical Infrastructure Networks). **Key Details:** - Token developed by @wmchain - Trading began September 4th at approximately 12pm UTC - Focuses on powering connectivity through decentralized infrastructure **What is WMTX?** WMTX represents a new approach to blockchain infrastructure, operating as a Layer 3 solution built specifically for DePIN applications. This technology aims to bridge physical infrastructure with decentralized networks. [Start trading WMTX](https://p.k.xyz/9f1e/29d4rp7d) [Learn more about the listing](https://blog.kraken.com/product/asset-listings/wmtx-is-available-for-trading)

**SAPIEN ($SAPIEN) is now available for trading on Kraken**, marking another AI-focused token launch on the major exchange. The token focuses on **powering AI systems with human-generated data**, positioning itself in the growing intersection of artificial intelligence and blockchain technology. Key details: - Trading is live on Kraken's platform - Project emphasizes human data contribution to AI development - Follows similar AI data tokens like RAIIN that launched on Kraken in July Traders can access SAPIEN through Kraken's standard trading interface. More information about the token and its use case is available on Kraken's official blog.

Kraken exchange has officially launched trading support for the $NODE token from NodeOpsHQ. - Trading pairs are now live on the platform - Deposits and withdrawals are fully enabled - Geographic restrictions may apply For detailed information about the listing, visit [Kraken's official blog](https://blog.kraken.com/product/asset-listings/node-is-available-for-trading). Start trading $NODE on [Kraken's trading platform](https://p.k.xyz/9f1e/sttq6wnf).

Kraken exchange has listed $RAIIN, the native token of Raiinmaker app, for trading. The token aims to power decentralized AI data generation from human users rather than automated bots. - Trading is now live on Kraken's platform - Deposits and withdrawals are fully enabled - Geographic restrictions may apply For detailed information about the listing, visit [Kraken's official blog](https://blog.kraken.com/product/asset-listings/raiin-is-available-for-trading). *This follows Kraken's recent expansion into AI-focused tokens, including the AI16Z listing earlier this year.*

Kraken continues its expansion with several new token listings in early 2025. Recent additions include: - **HMSTR** (Hamster Kombat) - April 21 - **ARC** (Arc) - April 17 - **ALCH** (Alchemist AI) - April 17 - **WCT** (WalletConnect) - April 15 - **SSV** (SSV Network) - April 14 All new listings feature enabled deposits and withdrawals, with trading available immediately upon listing. Geographic restrictions apply to all offerings. [View trading details](https://kraken.com/listings)