If you've ever bought or sold cryptocurrency, you've likely used a crypto exchange, the digital marketplace for these assets. But even major players like Kraken are facing intense scrutiny and legal challenges that could reshape the entire industry.
Kraken is trending because the SEC recently sued it for operating an unregistered exchange, adding to its existing regulatory challenges.
This lawsuit, filed in November 2023, alleges Kraken mixed customer funds with its own and operated without proper registration.