Kraken Considers Entering Crypto ETF Custody Market as Spot Ethereum ETF Approval Awaits
Kraken, one of the largest cryptocurrency exchanges in the US, is reportedly exploring the possibility of entering the crypto exchange-traded fund (ETF) custody race. The move comes as anticipation grows for the approval of spot Ethereum ETFs. Kraken aims to follow in the footsteps of Coinbase, which currently serves as a coin custodian for a majority of the proposed Bitcoin ETFs.
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