Crypto trading platform Kraken acquires TradeStation Crypto

According to BlockBeats, on April 19, cryptocurrency trading platform Kraken acquired TradeStation Crypto, a digital asset-focused division of online brokerage firm TradeStation, to expand its regulatory license in the United States. A Kraken spokesperson said: "We can confirm that Kraken recently purchased TradeStation's crypto business. This transaction is part of our efforts to accelerate our business in the United States and will bring further growth and new product opportunities to Kraken in the United States." The company declined to disclose the amount paid. The acquisition was not previously disclosed publicly. BlockBeats previously reported that on February 8, the U.S. SEC announced that Florida-based TradeStation Crypto was accused of failing to register the issuance and sale of a cryptocurrency lending product that allows U.S. investors to deposit or purchase crypto assets into TradeStation accounts in exchange for the company's promise to pay interest. To resolve the SEC's charges, TradeStation agreed to pay a $1.5 million fine.