Kraken co-CEO Arjun Sethi: UK cryptocurrency regulations hinder retail capital flow

According to cryptonews, the UK's Financial Conduct Authority (FCA) has strict rules for cryptocurrency promotions that require risk warnings and investor verification. Kraken's co-CEO Arjun Sethi criticized that these rules slow down the flow of funds, making it harder for retail investors to participate.

The report states that in March of this year, Kraken announced it would acquire the derivatives platform NinjaTrader for $1.5 billion, a move that will deepen its presence in the futures and options space, while the company is also working to navigate the differences in regulatory environments between the UK and the US.