Summary
- Kraken's USD-based exchange market share increased from 19% at the beginning of the year to 29%, marking a 10 percentage point rise.
- It is analyzed that the increase in market share is attributed to the launch of various new products.
- Kraken recently introduced the Solana (SOL)-based stock tokenization platform 'xStocks' and the stablecoin payment platform 'Krak.'
According to The Block, a cryptocurrency-focused media outlet, on the 9th (local time), Kraken's USD-based exchange market share rose from 19% at the start of the year to 29% currently, up by 10 percentage points.
This performance is analyzed to be driven by the launch of various new products. Kraken recently introduced the Solana (SOL)-based stock tokenization platform 'xStocks' and also unveiled the stablecoin payment platform 'Krak.'
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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