U guys are so worried about coinbase… when kraken is the one we should be watching… what are they doing… how are they proceeding?

Replies (27)

Kraken is Based. They beat Coinbase which was more compliant than Z-cash. While Kraken was out here selling Monero. image
😂 It's not the only reason. My videos also get 0 views now. The algos are too gamified. Every video is forced to have a thumbnail photo of someone with their mouth hanging open. It's just annoying.
Kraken isn’t keeping $XMR for the "fees." The math doesn't check out. The Revenue Myth: XMR fees are ~3% of their revenue ($300k/day vs $2.5B annual target). It’s pocket change for a global exchange. The $20B Elephant: Kraken is chasing a $20B IPO. Citadel and other lead investors won't let a privacy coin jeopardize a multi-billion dollar public exit. The SEC Wall: You can’t go public on the NYSE with an asset that the SEC labels as a "black box" for AML. Precedent: They already dumped XMR in the EEA and Canada to play nice with regulators. Fiduciary duty to shareholders and the IPO payout wins every time. They'll drop XMR the second the SEC makes it a condition for the listing.
I don’t really care about using a non kyc exchange… I’ve been using coinbase & kraken since they opened… have had 0 issues with either service… 🤷🏻‍♂️
Emperor Kuzco's avatar
Emperor Kuzco 3 months ago
I've been wondering about tokenized stocks for several years now. I'm just surprised it didn't happen years ago.