Kraken Rolls Out Commission-Free Stocks and Crypto Trading in A Major Expansion

Monicah W

The post Kraken Rolls Out Commission-Free Stocks and Crypto Trading in A Major Expansion appeared first on Coinpedia Fintech News

Crypto Exchange Kraken has started rolling out commission-free trading for over 11,000 US listed stocks and ETFs. The service is now available for users in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia, who can trade stocks and ETFs directly within their Kraken account.

Seamless Trading of Stocks, Crypto, and More

Kraken users can now manage stocks, crypto, cash and stablecoins all at one place through the Kraken mobile app, Kraken Pro app or web platform. Besides, the platform also supports fractional trading on many assets which enables users to buy just a fraction of expensive stocks, instead of buying a whole share, which makes investing more easier and affordable for users. 

Nate Geraci, the President of ETF Store took to X to share the update with his followers.

Kraken Launches Stock Trading via Kraken Securities

The move marks a major step into traditional finance (TradFi) as Kraken expands beyond crypto for the first time. It now allows clients to easily buy stocks with US dollars. Kraken now lets users reinvest instantly, trade fractional shares, and manage stocks and crypto in one place.

This move is powered by its new regulated division, Kraken Securities LLC, which is a new FINRA-regulated division of the company, making it easy to switch between crypto and stocks, all in one platform.

“Crypto isn’t just evolving, it’s becoming the backbone for trading across asset classes, such as equities, commodities, and currencies. As demand for 24/7 global access grows, clients want a seamless, all-in-one trading experience,” Arjun Sethi, Kraken’s co-CEO remarked. 

Kraken To Plan Global Rollout Soon

He added further that expanding into equities is a natural next step which brings them close to turning real-world assets into tokens on the blockchain. He believes that the future of trading will be ‘borderless’, 24/7, and based on crypto technology, where Kraken aims to lead the way. 

Moving further, Kraken also plans to expand traditional securities trading to the UK, Europe and Australia, while also introducing new features to enhance user’s trading experience. 

Kraken and Mastercard Team Up to Make Crypto Spending Easy

Recently, Kraken and Mastercard joined forces to make spending crypto easier in the EU. Now, users can pay with Bitcoin and other coins at over 150 million places at Mastercard-suppoted locations. This is a big step towards using crypto for everyday purchases.

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Crypto Money Laundering in China: Thousands Arrested in Government Crackdown

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At a time when the UN is discussing possibilities to counter the threat of crypto money laundering, a work report, presented by Ying Yong, the Procurator-General of the Supreme People’s Procuratorate, at the Third Session of the 14th National People’s Congress, reveals that nearly 3,032 people were prosecuted for crypto money laundering crimes in 2024. Let’s dive in to learn the details! 

China’s Crackdown on Crypto Money Laundering 

As per Yong’s work report, no fewer than 3,032 people were booked in connection with crypto money laundering crimes in 2024. 

How does crypto money laundering work? 

Criminals hide dirty money by turning it into anonymous cryptos. They mix these cryptos with others, making them impossible to trace. Then, they swiftly move the money through many crypto addresses. Finally, they cash it out, pretending it came from legal crypto trading or investments or use it to purchase high-value products.

China’s Action against Financial Fraud and Crimes 

The same report states that around 25,000 people were arrested in China for financial fraud and crimes in 2024. This showcases that the Chinese government is keen to weed out the threat of financial fraud and crimes from its financial ecosystem.

The report also notes that in the same year, no fewer than 825 people were prosecuted for securities crimes, such as financial fraud and insider trading. 

It also adds that around 42 people in the Evergrande Group case and 49 people in the Zhongzhi Group case were booked in the same year. Reports say that the China Securities Regulatory Commission is working with the procuratorate to clean up the private equity sector. 

Chinese Crypto Regulation Landscape: An Overview 

China’s approach to cryptos is characterised by prohibitions rather than regulation. There is not a single crypto regulator in the country; instead, several Chinese government entities enforce the country’s crypto restrictions. 

The People’s Bank of China is a primary force behind China’s cryptocurrency crackdown. Various other agencies, including those responsible for financial stability, cybersecurity, and law enforcement, also contribute to the enforcement of cryptocurrency restrictions. 

In conclusion, China’s strict legal action against financial crimes shows its commitment to controlling illegal crypto transactions and financial fraud. With thousands prosecuted, the government’s stance against crypto money laundering is clear.  

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

The post Crypto Money Laundering in China: Thousands Arrested in Government Crackdown appeared first on Coinpedia Fintech News
At a time when the UN is discussing possibilities to counter the threat of crypto money laundering, a work report, presented by Ying Yong, the Procurator-General of the Supreme People’s Procuratorate, at the Third Session of the 14th National People’s Congress, reveals that nearly 3,032 people were prosecuted for crypto money laundering crimes in 2024. …

Chainlink Price Prediction: Can the 50x ETH Whale Trigger a LINK Rally?

The post Chainlink Price Prediction: Can the 50x ETH Whale Trigger a LINK Rally? appeared first on Coinpedia Fintech News

The notorious “50x ETH” whale, who previously cost Hyperliquid $4M, is back in action—this time going all-in on Chainlink (LINK). Within the last 45 minutes, the trader deposited 2.875M USDC into Hyperliquid to open a LINK long position with 10x leverage.

Since February 7, this high-risk trader has pocketed $16.4M by flipping leveraged positions on ETH, BTC, HYPE, and YGG. Now, all eyes are on whether this LINK bet will deliver another payday or end in liquidation. However, his past trades have not only brought him massive profits but also raised concerns about the risks of extreme leverage on decentralized trading platforms.

The Big LINK Bet

On March 14, the whale opened long positions on LINK worth approximately $31 million using 10x leverage on Hyperliquid and GMX, two major perpetual trading platforms. On top of that, he accumulated around $12 million in spot LINK. However, on-chain data shows that he has been gradually selling portions of his LINK holdings back into stablecoins, possibly securing profits or adjusting his exposure.

The ETH Trade That Shook Hyperliquid

This comes just days after his massive $200 million ETH long position on March 12, which led to millions in losses for Hyperliquid’s liquidity providers. The trade resulted in a $4 million deficit for the platform’s liquidity pool but landed the trader $1.8 million in profits. Over the past month, his total earnings from Hyperliquid alone have soared to $17 million, according to Web3 analytics firm Lookonchain.

The incident highlighted the risks of leveraged trading, where traders can control huge positions with little capital. While some thought the whale exploited a loophole, Hyperliquid confirmed it was all within the rules—just an extreme case they hadn’t accounted for. To prevent future disruptions, the platform tightened its collateral requirements on March 13.

Hyperliquid’s Growing Dominance

Controversy aside, Hyperliquid continues to dominate decentralized derivatives trading. Since launching in 2024, it has taken 70% of the market, outpacing GMX and dYdX, as noted by VanEck. Adding to its momentum, the platform recently hit a major milestone of $1 trillion in lifetime trading volume, solidifying its spot among the top decentralized exchanges.

What’s Next for Chainlink?

Chainlink’s price has been all over the place. It shot up by over 150% after Trump won the election but has since dropped from nearly $30 in December to under $14 now. But with big traders like the ETH 50x whale jumping in, many are wondering if LINK is about to make another big move. Right now, it has a market value of $8.7 billion and is still an important player in the DeFi world.

The post Chainlink Price Prediction: Can the 50x ETH Whale Trigger a LINK Rally? appeared first on Coinpedia Fintech News
The notorious “50x ETH” whale, who previously cost Hyperliquid $4M, is back in action—this time going all-in on Chainlink (LINK). Within the last 45 minutes, the trader deposited 2.875M USDC into Hyperliquid to open a LINK long position with 10x leverage. Since February 7, this high-risk trader has pocketed $16.4M by flipping leveraged positions on …