Kraken co-CEO Arjun Sethi says the exchange has about 7 million funded accounts
- Published
Kraken’s funded-account count was put at about 7 million in one account from co-CEO Arjun Sethi, and a later disclosure from Payward listed 6.6 million funded Kraken accounts. The same later disclosure also reported $508 million in second-quarter adjusted revenue.
Key claims & sources
What it means
In practice, the platform can still be described as having funded accounts in the millions, and one later disclosure also pairs that with $508 million in second-quarter adjusted revenue. What changes here is the public count attached to the business, while the basic idea of Kraken as a large exchange platform remains the same.
Market reaction i
The total crypto market rose 0.7% in the 4 hours after the first headline, after falling 2.2% in the 2 hours before.
47 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
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