
According to PayPal, its system could use any currency. The company has already added numerous blockchain-related features to its platform, including the MetaMask Wallet, PayPal USD, and Ethereum.
Kraken is a cryptocurrency exchange that provides spot and futures trading between Bitcoin, Ethereum and 40+ other digital assets.
Kraken is a United States-based cryptocurrency exchange and bank, founded in 2011. The exchange provides cryptocurrency-to-fiat-money trading, and provides price information to Bloomberg Terminal. As of 2020, Kraken is available to residents of 48 US states and 176 countries, and lists 40 cryptocurrencies available for trade. The company played a role in attempting to recover funds lost by investors during the 2014-15 Mt. Gox bankruptcy. According to CoinMarketCap, Kraken is the fourth-largest cryptocurrency exchange in the world (as of January 2021). In 2020, Kraken became, along with Avanti Financial Group, one of the first two crypto exchanges to be legally chartered as banks in the United States (both in Wyoming).
According to PayPal, its system could use any currency. The company has already added numerous blockchain-related features to its platform, including the MetaMask Wallet, PayPal USD, and Ethereum.
A foray into traditional finance by Kraken would put the exchange in direct competition with US-based trading platform Robinhood.
In a matter of weeks, Coinbase constituted a team to dig into the protocol and assess the feasibility of its integration.