Cryptocurrency
5 Ways Kraken Exchange Is Giving Coinbase a Run for its Money

Coinbase is the leading crypto exchange in the US by daily trading volume and is publicly traded on Wall Street.
But far out in Silicon Valley, Kraken is making waves.
Kraken Is a Secure US Crypto Exchange
California State University philosophy major Jesse Powell founded Kraken in 2011. After consulting for Mt. Gox, he decided the new Bitcoin sector would need a more secure solution.
Mt. Gox famously crashed and burned after a 2014 hack stole 650,000 BTC. Today, the value of the stolen bitcoin has grown to $56 billion.
But under the leadership of Powell, who stepped down as CEO a few years ago, Kraken developed a reputation for being a secure platform to trade cryptocurrencies and leave them in third-party custody.
“The original ideal was to get Bitcoin to the world, and we’ve achieved a lot of that, opening access to people who have been unbanked by the formal financial system,” Powell said recently.
Coinbase Is Popular With Investors
Founded in 2012 by Brian Armstrong, a former Airbnb engineer, Coinbase leapfrogged Kraken. Today, it is the most popular crypto exchange in the US, and its stock is publicly traded on the Nasdaq.
Cathie Wood’s ARK Invest swiped $9.3 million worth of Coinbase stocks at a discount when markets flipped this Feb. Just like the tech-focused hedge fund did last August when markets wigged out. And, in June 2023.
So, Coinbase has been a popular favorite among blockchain sector investors for some time. These recent Kraken news updates, however, may be giving its competitors at Coinbase a run for their money.
1. Kraken to IPO in Q1 2026
The little purple monster is reportedly planning to go public with an IPO in quarter one of 2026. That’s according to a recent Bloomberg report.
“We recently disclosed 2024 financial highlights to be more transparent about our business, which is something we started by being first to publish proof of reserves, and we’re going to continue to prioritize going forward. We’ll pursue public markets as it makes sense for our clients, our partners and shareholders.”
After the report set off a media buzz among crypto news outlets, Kraken co-CEO Arjun Sethi tried to calm the rumors, clarifying to Axios that there isn’t a date set:
“I think the way we think about it is that, if it’s in service to our clients to going public, building that trust as a currency, then we’ll think about doing it. So we’ll always be ready for it, but it may not be that we’ll have it on a specific date.”
But, he did note that, “the overall regulatory environment, worldwide, not just in the United States, has become a lot more favorable.”
The jump to regulated public markets has been brewing for years now. Back in 2021, Powell said the crypto exchange would be more apt to debut via IPO than a direct listing.
Because direct listings issue no new shares and raise no new capital, an IPO could be a way for Kraken to swell the value of the equity on its books.
An eventual Kraken IPO would be momentous for the blockchain sector. Crypto insights firm CoinGecko noted in February that Coinbase remains the only publicly traded crypto exchange.
2. Kraken Explores $1B Debt Note With JPMorgan
Meanwhile, Kraken’s finances are looking solid for an IPO stock market debut.
The company is exploring a $1 billion corporate debt package with Goldman Sachs and JP Morgan. Yes, that JP Morgan, the US banking giant whose CEO just 15 months ago said only criminals have a use for Bitcoin. That’s a potentially big change in outlook from the private banking sector.
Anonymous sources with knowledge of the proceeding told Bloomberg in late March that both giants had begun conversations with other banks and lenders to put together the massive loan a year or so before Kraken’s anticipated IPO.
According to the report, the exchange has over 10 million users in 190 different countries, and it serves $207 billion in trading volume quarterly.
If Kraken’s business is anything like Coinbase’s, it can count on future cash flows to float such a hefty loan. This February, Coinbase reported last year’s Q4 revenue of $2.3 billion.
Some 60% of its quarterly revenue came from small fees to execute trades.
3. Futures Platform NinjaTrader Acquisition
Today, I’m excited to announce @krakenfx‘s agreement to acquire @NinjaTrader for $1.5 billion. This is about much more than adding another product—it’s a significant step toward our vision of building the most powerful, global platform for the future of finance.@realDonaldTrump…
— Arjun Sethi (@arjunsethi) March 20, 2025
Kraken makes a giant quarterly haul of fees for its services, too.
But it’s hoping to add to its cash rake with a $1.5 billion purchase of NinjaTrader announced on Mar. 20. In a press release, Kraken called the crypto futures contract brokerage the leading US retail futures trading platform.
The unicorn-sized acquisition captures Ninja Trader’s CFTC-registered Futures Commission Merchant licenses, which allow Kraken to broker crypto futures and derivatives contracts in the US.
Sethi explained the move fits into Kraken’s ambitions to build a crypto everything app: “This transaction is the first step in our vision of an institutional-grade trading platform where any asset can be traded, anytime.”
Coinbase first offered retail crypto futures trading products to customers with Coinbase Advanced accounts in Nov. 2023.
4. SEC Agrees to Dismiss Kraken Lawsuit
At the beginning of March, markets added Kraken to a spate of dropped lawsuits at the fearsome US Securities and Exchange Commission.
An update on Kraken’s website read:
“The SEC staff has agreed in principle to dismiss its lawsuit against Kraken with prejudice, with no admission of wrongdoing, no penalties paid and no changes to our business.”
The update noted that the SEC’s previous policy of enforcement by hostility and haphazard lawsuits “undermined a nascent industry that repeatedly urged clear rules of the road.”
Once implacable in its opposition to cryptocurrency companies, the SEC has decidedly flipped to a friendly policy under the new Trump Administration. That’s been great news for the industry and no small factor in the euphoric crypto market rally from last November through January.
“This dismissal lifts that cloud of uncertainty,” Kraken said. “It reaffirms that businesses like Kraken, which prioritize compliance and consumer protection, should not be subject to arbitrary legal battles.”
5. Kraken Relaunches Crypto Staking
Beep, beep: By daily trading volume, Kraken is playing the little Nash Rambler to Coinbase’s Cadillac.
Coinbase may have an order of magnitude more daily active users and weekly visits than Kraken in March, but the latter logs daily trading volume a little over a third of its younger competitor. That’s according to the most recent crypto spot exchange data from CoinMarketCap.
Many are there to trade altcoins in the expectation of turning profits by arbitraging inefficiencies in these novel Internet currency markets.
After Kraken relaunched crypto staking in Q1 this year, its users can also stake their coins, which use a proof-of-stake mechanism to lock in value and earn staking fees from their network.
It’s a potentially very lucrative business for Kraken to operate. For comparison, in March, Coinbase held nearly 12% of all staked ETH on Ethereum’s network.
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Cryptocurrency
Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

TL;DR
- Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
- Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
- Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.
Large Withdrawals and Whale Activity
Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours.
Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.
One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.
Major ETH Holders Offload Millions Amid Price Rally
In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.
A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months.
Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578.
Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.
The #EthereumFoundation-linked wallet(0xF39d) sold another 1,300 $ETH($5.87M) at $4,518 ~11 hours ago.
Over the past 3 days, this wallet has sold a total of 6,194 $ETH($28.36M) at an average price of $4,578.https://t.co/4hfCWymHVG pic.twitter.com/ErUyEY8SJy
— Lookonchain (@lookonchain) August 15, 2025
Network Activity on the Rise
CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.
Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period.
At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.
In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.
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Cryptocurrency
Massive DOGE Whale Activity Hints at $1 Breakout

TL;DR
- Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
- A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
- DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.
Price and Market Moves
Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion.
Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.
On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.
$Doge/2-week#Dogecoin is gaining strong momentum to surge above $1 pic.twitter.com/TuSEKr19nv
— Trader Tardigrade (@TATrader_Alan) August 15, 2025
Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.
Heavy Whale Buying and Large Transfers
As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community.
Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.
Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.
Whales are back! Dogecoin $DOGE activity at a 1-month high. pic.twitter.com/C83Pv68mCt
— Ali (@ali_charts) August 14, 2025
Sentiment Building
Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding,
“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”
With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.
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Cryptocurrency
Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.
Technical Analysis
By ShayanMarkets
The USDT Pair
On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.
Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.
However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.
This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.
The BTC Pair
Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.
This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.
That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
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