News Explorer — Kraken Fined $5.1 Million in Australia for Illegal Margin Trading

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Dec 12, 11:20 am

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Kraken Fined $5.1 Million in Australia for Illegal Margin Trading

Kraken, based in San Francisco, is fined $5.1 million by Australia's financial watchdog for offering illegal margin trading to retail customers through its local operator Bit Trade. The Federal Court of Australia detailed the violations, highlighting negligence and profit-driven motives.

Kraken, based in San Francisco, is fined $5.1 million by Australia's financial watchdog for offering illegal margin trading to retail customers through its local operator Bit Trade. The Federal Court of Australia detailed the violations, highlighting negligence and profit-driven motives.

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