Crypto exchange Kraken (US) is entering the digital asset market of Kazakhstan. The leadership of the republic’s Ministry of AI and Digital Development and representatives of the Western company signed a Memorandum of Cooperation aimed at implementing blockchain technologies. This was reported by the press service of the relevant ministry.
The Astana Financial Services Authority of the Astana International Financial Centre (AIFC) has granted preliminary approval for Kraken's operations. This is one of the licensing stages to commence activities in the republic’s crypto market.
The Kraken exchange was founded in 2011 in the US. It is managed by Payward Group, which operates in the American and European markets. According to data as of late October, the platform ranks 14th in the Coinmarketcap ranking. Its daily trading volume is around $1.3 billion.
There are 26 active licenses of digital asset service providers in the AIFC register. These include the Kazakhstani units of Binance and Bybit. Another 8 crypto exchanges have already received preliminary approvals.
Many projects are being launched within Alatau. For example, Tether will test its developments there.