Kraken Dey Face 38.6% Increase For Data Request For 2024, US Agencies Na Lead Am
Kraken, one big cryptocurrency exchange wey dey US, see say data request wey dey come from regulatory and law enforcement agencies around the world increase by 38.6% for 2024 compared to last year. Most of these requests come from US agencies, wey make up 28.6% of the total, with FBI dey lead with 614 requests. Even though SEC only make up 1.9% of US agency requests, dem represent 37.3% of all regulatory inquiries. Kraken follow 57% of the 6,826 requests, wey mostly concern accounts wey dey related to US, UK, and Germany. On the other hand, another US exchange, Coinbase, see say global requests reduce by 18%, even though US law enforcement requests still dey common. This trend show say authorities around the world dey look cryptocurrency platforms more closely, wey dey highlight possible regulatory impacts on the crypto market.
Neutral
Di tori dey highlight how dem dey check Kraken well well now, e show say global oga dem don dey shine eye well well ontop cryptocurrency platforms. Even though this one fit make exchange platforms spend more money ontop compliance or face regulatory wahala, e no mean say market go scatter or say e go affect trading direct. The way Kraken and Coinbase dey respond dey mix, sometimes request dey increase, sometimes e dey decrease, e show say the regulatory landscape dey change, e no be one thing straight. So, the market no really shake like that, traders go just dey look wetin dey happen with eye wey dey ground as dem dey wait for more news.