Kraken Bitcoin Exchange Opening in Japan in September

The popular Bitcoin exchange site Kraken has always showed great growth and especially after the collapse of Mt Gox they got a massive boost. After the crash, Kraken’s user base became 50% larger in just a couple of months and the exchange has managed to stay out of problems, due to Jesse Powell’s technological knowledge.

Powell, the founder of Kraken, told to Bloomberg Businessweek that he helped out Mt Gox back from when they started, as the CEO (Mark Karpeles) was not very good with the technical part, but was more focused on the service part of the business. Powell went to Japan to help them recover from a hacking attack and that’s when he realized he had to make his own exchange, should it happen that Mt Gox went down.

Now Powell is looking to take over Mt Gox’s spot in Japan, wanting to move into the country with his exchange. Powell told Bloomberg that he is very surprised by how open-minded most Japanese politicians are and that it is a great country to build up a cryptocurrency exchange.

While Powell didn’t want to give an exact date to the journalist, he did say that the deadline was “sometime next month”. 

Recent Posts

Professional investors skeptical about Bitcoin, a recent Bank of America survey says

Bank of America recently asked 200 professional investors with $533 billion in assets under management for their opinions on Bitcoin.…

12 hours ago

AXA Switzerland now offers Bitcoin as a payment method

Insurance provider AXA Switzerland announced that its Switzerland customers will now be able to pay their bills in Bitcoin (BTC).…

13 hours ago

DOGE “to the moon” as Robinhood faces more scrutiny

After yet another phenomenal rally surging 114% in the last 24 hours, Dogecoin (DOGE) hit an all-time high of $0.29.…

13 hours ago

“Bitcoin’s peak volatility is right on track to drop below fiat volatility”

There will come a time that Bitcoin will be less volatile than fiat money as money is being redefined. And…

2 days ago

GoldMan Sachs watching Bitcoin’s every move

Goldman Sachs is keeping a close eye on Bitcoin. In an earnings call on Tuesday, the bank’s Chief Executive Officer,…

2 days ago

Coinbase’s COIN is Live on Nasdaq, while Bitcoin and Ethereum jumped to new all-time highs

After months of intense build-up towards their big day, Coinbase finally listed on the Nasdaq with ticker COIN. And the…

2 days ago