Kraken
The Protocol: Kraken Awakens – as Ethereum L2 Candidate
In this week's edition of The Protocol newsletter, we look into how Kraken is reportedly considering launching its own layer-2 blockchain, following Coinbase's recent launch of a similar network, amidst a broader trend of companies creating Ethereum-based transaction solutions.

FTX Restart Efforts; Kraken Mulls Partner to Help Launch Its Own Layer 2 Network
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including Kraken's new efforts to launch a layer 2 blockchain network. Coinbase adds four national security experts to its Global Advisory Council. And, plans to bring Sam Bankman-Fried's crypto exchange back to life include the Silicon Valley investment firm Proof Group, according to CoinDesk sources.

Kraken Said to Seek Partner to Help Build It a Layer 2 Blockchain Network
The crypto exchange is still considering which blockchain developer should build its network, with Polygon, Matter Labs and the Nil Foundation in the mix, according to people familiar with the situation. Rival crypto exchange Coinbase blazed the trail with Base.

Crypto Exchange Kraken to Explore Stock Trading: Bloomberg
The service could launch as soon as 2024, Bloomberg reported, citing a person familiar with the matter.

Kraken Pushes Forward on Expansion in Spain, Ireland With Key Regulatory Steps
Kraken obtained a registration from Spain's central bank, while its Irish subsidiary secured a license.

Crypto Exchange Kraken's UK Derivatives Unit Looking to Expands Its Service: Bloomberg
The firm is looking move into a void in the crypto derivatives market left when FTX collapsed last November.

Bitstamp to Stop Ether Staking in U.S. Amid Regulatory Scrutiny
The Luxembourg-based exchange said that all other services will remain unaffected.

Reddit Community Tokens Moons and Bricks Soar 50% on Kraken Listing
Kraken and Kraken Pro users can trade both coins against the U.S. dollar and euro in the spot market.

Kraken to Place NFTs on Formula 1 Team’s Cars at the Grand Prix
Crypto exchange Kraken will place non-fungible tokens (NFTs) on the back of British F1 team Williams Racing's cars competing in the U.S. Grand Prix this October. Kraken CMO Mayur Gupta shares insights into the ongoing partnership and the state of crypto marketing amid crypto winter.

An F1 Team Might Take a Bored Ape Across the U.S. Grand Prix Finish Line
As a part of an ongoing partnership with the Williams Racing team, crypto exchange Kraken will allow fans to submit and vote for NFTs that will be displayed on cars during the U.S. Grand Prix in October.
