Exchanges

Volumes on Kraken's platform dropped 18% to $310 billion in the quarter, and the exchange cut roughly 150 jobs as it prepared for a listing that may still slip into 2027.

Affected customers must sell every position by 31 August or watch a $2 monthly inactivity fee compound into $52 by December. Luno still has not publicly named which regions it is leaving.

HDR Global Trading told users the exchange will sunset on 23 September, and any KYC-verified balances left on the platform after that pay $50 a month or 1% of the balance a year, whichever bites harder.

Kraken launched in-app on-chain trading for more than 2,500 Solana tokens on June 18, using Privy wallets and Jupiter quotes. The FAQ explicitly states none of these tokens are listed, custodied, or reviewed by Kraken for investment merit, quality, or suitability.

Chinese regulators have instructed all bitcoin and cryptocurrency exchanges operating domestically to cease trading and close their platforms by a specified deadline.