Kraken Expands Offerings with Cyber, Velodrome, MiFID License, and More

In a recent update, Kraken, a leading crypto exchange, has expanded its offerings to meet the growing demand of its user base. The updates include adding Cyber (CYBER) and Velodrome Finance (VELODROME) tokens for trading, obtaining a MiFID license in the EU, introducing onchain staking for US traders, and launching Kraken Pay for seamless digital payments.

Cyber (CYBER) and Velodrome Finance (VELODROME) were added to the platform on February 18, 2025. Cyber is a Layer-2 blockchain facilitating social applications on Web3 with high transaction speeds and low fees. Velodrome is a decentralized exchange with low conversion fees and multi-chain operability for efficient trading.

With these additions, users have more investment opportunities in Web3 projects. The MiFID license in the EU enhances regulatory compliance for European traders. Onchain staking services are now available for US clients, offering passive income opportunities with various supported tokens.

Kraken Pay is a new digital payment solution supporting over 300 cryptocurrencies for everyday transactions. It offers automatic conversions and seamless payment processes. Compared to competitors like Coinbase Commerce, Kraken Pay focuses on lower transaction fees and improved usability.

Overall, Kraken continues to lead in crypto innovation with its diverse offerings and commitment to security and compliance. Users can take advantage of these new features by joining over 13 million traders on the platform for a top-notch trading experience.