Spot Bitcoin ETFs Lead to Surge in Kraken's Licensing Revenue

Friday, 14 June 2024, 17:41
Kraken's acquisition of CF Benchmarks in 2019 proves fruitful as the approval of Bitcoin spot ETFs in 2024 propels the company's licensing revenue to new heights. The significant investment made in this sector is now yielding millions for Kraken, showcasing the potential of ETFs to drive revenue growth. The success of Bitcoin ETFs has not only bolstered Kraken's financial performance but also solidified its position in the cryptocurrency market.
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Spot Bitcoin ETFs Lead to Surge in Kraken's Licensing Revenue

Kraken's Success with Bitcoin ETFs

Kraken's acquisition of CF Benchmarks in 2019 is paying off with the recent approval of Bitcoin spot ETFs in 2024.

Millions in Revenue

The significant investment in ETFs is yielding millions in licensing revenue for Kraken.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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