Kraken Expands Offerings with Cyber, Velodrome, MiFID License, and More

Kraken, a leader in crypto security and trading, has upgraded its cryptocurrency offerings to meet the growing demand of its global user base. The latest Kraken trading expansion added Cyber (CYBER) and Velodrome Finance (VELODROME) tokens for trading, a MiFID license approval in the EU, and onchain staking for US traders. Additionally, Kraken Pay was launched and provides seamless digital payments for all Kraken users.

This major update further cements Kraken’s reputation as one of the most prominent crypto exchanges in the world, increasing regulatory compliance and digital asset support. Over 13 million traders trust Kraken, which has offered top-tier crypto trading services for more than 13 years.

Cyber (CYBER) & Velodrome Finance (VELODROME) Now Available for Trading on Kraken

Cyber (CYBER) and Velodrome Finance (VELODROME) went live on the Kraken exchange on February 18, 2025, expanding the platform’s support for over 340 tokens. Here are the two new cryptocurrencies explained:

• Cyber (CYBER): Cyber is a pioneering Layer-2 blockchain that facilitates user-friendly social applications on Web3. Its protocol provides high transaction speeds and low fees in a decentralized infrastructure.
• Velodrome Finance (VELODROME): Velodrome is a decentralized exchange (DEX) with low crypto conversion fees and token governance. With multi-chain operability, the platform allows users to trade and provide onchain liquidity efficiently.

With the addition of Kraken Cyber and Velodrome trading, users are given more investment opportunities in Web3 crypto projects. The Kraken new crypto listings are valuable additions to the live exchange, especially for traders looking to diversify their crypto portfolios.

Kraken Secures EU MiFID License – What Does This Mean for Traders?

Kraken’s latest regulatory milestone is obtaining a Markets in Financial Instruments (MiFID) license in the European Union (EU). This license solidifies the exchange’s commitment to security and compliance for EU traders and allows Kraken to offer derivatives and advanced crypto trading instruments in the EU.

Furthermore, the Kraken MiFID license EU adds a layer of protection for European users as the exchange complies with local financial laws. Kraken’s next few steps involve releasing the new cryptocurrency offerings, allowing advanced traders exposure to a broader range of financial instruments.

Kraken Introduces Staking for US Traders

Another development from the Kraken trading expansion is the launch of onchain staking services for US clients. For now, Kraken staking in the USA includes 17 crypto assets and is available for 37 states and 2 territories. Supported tokens for bonded staking include:

• Ethereum (ETH) at 2% to 5% APR
• Solana (SOL) at 7% to 12% APR
• Cosmos  (ATOM) at 16% to 21% APR
• Polkadot (DOT) at  10% to 16% APR

Despite previous regulatory backlash in the US, Kraken’s new staking services unlock passive income-generating opportunities for US traders. Moreover, the influx of new onchain staking participants will help strengthen the blockchain’s underlying security protocol.

The new crypto staking offering also shifts the Kraken vs Coinbase vs Binance discussion, making Kraken an attractive option for its US-based clientele. 

Kraken Pay – A New Era of Crypto Payments

Kraken Pay is a new digital payment solution that supports over 300 cryptocurrencies, including Bitcoin (BTC), Dogecoin (DOGE), and ETH, for everyday transactions. Instead of just holding and trading tokens, individuals can use their Kraken crypto holdings to pay for their expenses globally and within seconds. 

Additionally, Kraken Pay crypto payments feature automatic conversions for a frictionless experience. For instance, a user sending US dollars with BTC holdings requires no additional steps as Kraken seamlessly manages the asset conversion. What’s more, the entire digital payment process is free and can be as simple as sending a paylink message.

Compared to its competitor, Coinbase Commerce, Kraken Pay focuses on providing a more user-centric experience with lower transaction fees and greater usability. The exchange’s new payment gateway gives merchants crypto-ready accessibility as digital transactions expand into the blockchain.

How to Get Started With Kraken in 5 Easy Steps

Follow these 5 simple steps to set up a Kraken account and start trading cryptocurrencies.

Step 1: Create Account

Visit Kraken and click ‘Sign up.’ Fill out the registration form by providing your email address and a secure password. Complete the account creation process by clicking on the verification link sent to your email after following the instructions.

Step 2: Secure Your Account

Kraken heavily invests in security and recommends enabling two-factor authentication (2FA) for user safety. Under 2FA Settings, set 2FA for your Kraken account with an authenticator app such as Microsoft Authenticator and Google Authenticator.

For additional protection, Kraken users can set up a Master Key for password reset protection. This also enables the use of the Global Settings Lock (GSL), further securing withdrawal access.

Step 3: Get Verified

Next, complete Kraken’s KYC (Know Your Customer) crypto verification to unlock the exchange’s complete trading benefits. Click the ‘Verify Identity’ button on the home page and fill out the required fields. You must also upload a valid government ID and selfie to complete the verification.

Step 4: Deposit Funds

Click ‘Buy’ on your Kraken dashboard. This opens a cryptocurrency purchase window where you can select an asset. Fill in the cash amount you wish to purchase the token with and ensure you choose the correct fiat payment option. Kraken accepts credit or debit cards, Apple Pay, Google Pay, or Plaid ACH.

Step 5: Buy or Sell Crypto

Open Kraken’s desktop trading interface, select a crypto pair, and find the Order Ticket Module on the right-hand side. The interface shows various trading details, such as the bid/ask spread, order type, and quantity. 

Configure all your required trading inputs and double-check them before buying or selling the crypto pair.

Conclusion – Kraken Continues to Lead in Crypto Innovation

To recap, Kraken’s latest trading expansion upgrade introduced a few new token listings, a MiFID regulatory license, US staking offerings, and an innovative payment solution in Kraken Pay. These developments prove why Kraken remains one of the most trusted crypto exchanges in 2025.

Take advantage of these new features and join over 13 million Kraken users for a top-notch crypto trading experience.

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FAQs

References:

1. CYBER and VELODROME are available for trading! – Kraken Blog Kraken Blog (Kraken Blog)
2. Markets in Financial Instruments Directive – European Commission (European Commission)
3. SEC.gov | SEC Charges Kraken for Operating as an Unregistered Securities Exchange, Broker, Dealer, and Clearing Agency (U.S. Securities and Exchange commission)

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