Skip to content
Real Cryptocurrency Hub

Real Cryptocurrency Hub

Crypto Comeback Pro is an auto trading platform that allows you to invest in the crypto market and start making money right away. Sign Up HERE

  • Home
  • Start Trading
  • English
    • English
    • Español
    • Italiano
    • Polski
    • Svenska
    • Deutsch
    • العربية
  • News
    • Mining
    • Bitcoin (BTC)
    • ATM
  • Guides
  • How To’s
  • Exchange/Wallet
  • Brokers
  • Bitcoin Price Prediction
  • ✉ Contact
  • Home
  • Crypto News
  • Kraken Sees Number Of New Sign Ups Skyrocket
  • Brokers
  • Crypto News

Kraken Sees Number Of New Sign Ups Skyrocket

Lucas Duffy February 2, 2021 3 min read

Digital assets have come a long way over the years since the first digital asset, Bitcoin, was created in 2009, as various entities are now getting into the sector. Presently, we have seen a massive rise in the number of digital assets, which has grown side by side with the number of investors running into the crypto space.

Even though there have been reports of the massive influx of users over the years, this year has seen a huge pool of people make their way into the sector. According to the CEO of the digital assets exchange platform, Kraken, Jesse Powell, the platform has recorded a massive increase in the number of people interested in dealing with digital assets.

Powell says that the equities market needs to adopt the crypto trading method

Jesse Powell said this and more in a recent interview that he granted on Yahoo Finance. The Kraken CEO also touched various aspects of the market, including how the recent GameStop issue has affected digital assets. He answered questions based on how much the previous holders of the GameStop stocks are infusing into various digital assets in the market.

Answering the question, Powell noted that the number of people moving into digital assets is huge. “People that originally started with crypto trading were surprised to find out how everything in the market worked. Most of them didn’t previously know that there were so many middlemen as most people usually give their stocks to people to trade on their behalf,” the CEO said.

He mentioned that with people technically trading your stocks on your behalf, it means that you don’t have the full power to control how it is being traded. Even though it has served them well, the CEO mentioned that the system needs to be abandoned. He says that the earlier they begin to adopt the method used in trading digital assets, the better.

Kraken says that user registration increased by 6x in the last few weeks

Kraken looked like one of the biggest gainers in all of this as the digital exchange boss confirmed that his platform saw a massive 6x surge in the number of registrations in the last few weeks. “We were very surprised when we saw a lot of sign-ups in just a day. It means that something has triggered the people to look to crypto as the next point of contact,” Powell said.

Giving his review about the decentralized finance sector, Powell says that he believes that the sector is proving to be the next big thing out of the financial system. He said that if care is not taken, the sector will disrupt the whole financial system.

“Ethereum has been doing well in the last couple of years, with the whole decentralized finance sector proving the most beneficial. Now we have various activities on Ethereum ranging from smart contracts to lending and various decentralized exchanges. In a couple of years to come, the decentralized finance sector would have gained more ground, and we would have to be using blockchain to sort out most of our issues,” the CEO said.

Post Views: 545

Continue Reading

Previous: First PayPal and Now Visa Wishes To Provide Crypto Trading Services
Next: American Rock Star Gene Simmons Becomes A Bitcoiner

Related Stories

JP Crypto Review – a Recommended Crypto Broker
3 min read
  • Brokers
  • Reviews

JP Crypto Review – a Recommended Crypto Broker

August 12, 2022
Alfabtc Review – A Recommended Cryptocurrency Broker
3 min read
  • Brokers
  • Reviews

Alfabtc Review – A Recommended Cryptocurrency Broker

August 10, 2022
Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May
2 min read
  • Crypto News
  • DeFi (Decentralized Finance)
  • Solana (SOL)

Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May

August 6, 2022

Read our disclaimer

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$24,584.00
0.50%
ethereum
Ethereum (ETH)
$1,990.81
0.27%
tether
Tether (USDT)
$1.00
-0.05%
usd-coin
USD Coin (USDC)
$1.00
-0.04%
binancecoin
BNB (BNB)
$327.31
-1.15%
cardano
Cardano (ADA)
$0.58
3.91%
ripple
XRP (XRP)
$0.386814
1.66%
polkadot
Polkadot (DOT)
$9.36
-1.41%
dogecoin
Dogecoin (DOGE)
$0.078367
7.13%
Uniswap
Uniswap (UNI)
$9.23
2.55%

Recent Posts

  • JP Crypto Review – a Recommended Crypto Broker

    JP Crypto Review – a Recommended Crypto Broker

    JP Crypto Review Suppose you are interested in trading cryptocurrencies but are hesitant to do so due to
  • Alfabtc Review – A Recommended Cryptocurrency Broker

    Alfabtc Review – A Recommended Cryptocurrency Broker

     Alfabtc Review Alfabtc is a competent brokerage firm known for its fast and efficient execution of trade. The
  • Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May

    Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May

    Cosmos (ATOM) A look at the data for Cosmos (ATOM) shows that on Thursday, it was trading at
  • Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

    Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

    On Thursday, Hotbit made a concerning announcement for the entire customer base. The cryptocurrency exchange notified the users
  • Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC

    Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC

    Argo Blockchain has been selling Bitcoin (BTC) that belongs to the blockchain’s holdings. The reason behind selling Bitcoin

Start Trading

Categories

Top Posts

  • A Guide To Crypto Lawyers: Why and How to Hire One?

    A Guide To Crypto Lawyers: Why and How to Hire One?

    You will need a Lawyer when you launch or invest in a crypto project.  YOU may also need
  • In A Bid To Battle Irrelevance Opinions, Shiba Launches Shibarium

    In A Bid To Battle Irrelevance Opinions, Shiba Launches Shibarium

    The unpopular opinion by major players in the crypto world is that the most successful cryptocurrency coin this
  • Another US City Setting up Infrastructure to Integrate Bitcoin into the City Commerce

    Another US City Setting up Infrastructure to Integrate Bitcoin into the City Commerce

    Jackson, a modern city in Maddison County, Tennesse, is looking at a new development goal ahead of itself
  • Mining Ban in Iran Sparks Negative Reaction from the Community

    Mining Ban in Iran Sparks Negative Reaction from the Community

    Iran recently reintroduced its seasonal crypto mining ban once more and this has resulted in backlash from the
  • Understanding Front running and how it Works in the Crypto Space

    Understanding Front running and how it Works in the Crypto Space

    The act of front running in the crypto space has unfortunately become an ethical malpractice that generates billions

Archives

You may have missed

JP Crypto Review – a Recommended Crypto Broker
3 min read
  • Brokers
  • Reviews

JP Crypto Review – a Recommended Crypto Broker

August 12, 2022
Alfabtc Review – A Recommended Cryptocurrency Broker
3 min read
  • Brokers
  • Reviews

Alfabtc Review – A Recommended Cryptocurrency Broker

August 10, 2022
Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May
2 min read
  • Crypto News
  • DeFi (Decentralized Finance)
  • Solana (SOL)

Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May

August 6, 2022
Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe
2 min read
  • Crypto News
  • DeFi (Decentralized Finance)

Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

August 5, 2022
  • Kraken
  • OrbitGTM
  • Fxoro
  • KuCoin
  • Huobi
  • Bitfinex
  • PrimeXBT
  • CTmatador
  • DXCBIT
  • PrimeHolders
  • CMC Markets
  • XCGIN
  • Virtual Payout
  • Gamma Capitals
  • Towards Soure
  • CoinsMarkets
  • ArgoTrade
  • Global Solution
  • CTProz
  • Alfabtc
  • JP Crypto
Copyright © All rights reserved. | DarkNews by AF themes.
  • bitcoinBitcoin(BTC)$24,584.000.50%
  • ethereumEthereum(ETH)$1,990.810.27%
  • tetherTether(USDT)$1.00-0.05%
  • usd-coinUSD Coin(USDC)$1.00-0.04%
  • binancecoinBNB(BNB)$327.31-1.15%
  • cardanoCardano(ADA)$0.583.91%
  • rippleXRP(XRP)$0.3868141.66%
  • SolanaSolana(SOL)$46.73-0.41%
  • polkadotPolkadot(DOT)$9.36-1.41%
  • dogecoinDogecoin(DOGE)$0.0783677.13%
  • UniswapUniswap(UNI)$9.232.55%
  • bitcoin-cashBitcoin Cash(BCH)$145.420.08%