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RIT Capital Partners Acquires Stake in US Crypto Exchange Kraken

Terms have not been disclosed although the investment was disclosed to investors during a webinar in March.

Updated May 9, 2023, 3:18 a.m. Published Apr 21, 2021, 2:35 p.m.
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RIT Capital Partners, formerly known as the Rothschild Investment Trust, has acquired an interest in the Kraken cryptocurrency exchange, according to a note to investors dated April 12.

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  • The note referred to a webinar in March that announced the investment but did not mention the size of the investment nor the amount paid.
  • It also made reference to news that Kraken is considering going public through a direct listing in 2022.
  • Neither Kraken nor RIT were immediately available for comment.
  • RIT Capital is a U.K.-based investment trust founded by Lord Jacob Rothschild of the prominent Rothschild banking family. It has a market capitalization of £3.8 billion ($5.28 billion).

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

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  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote

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The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.

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  • Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
  • Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
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