• Kraken 24-hour trading volume is up 14% despite SEC investigation and termination of staking services.
• According to CoinMarketCap and CoinGecko, Kraken’s 24h trading volume stands at around $757 million.
• The exchange has not reported any wave of withdrawal requests, suggesting that users remain unfazed by the dispute with the American regulator.

Kraken’s Trading Volume Rises Despite SEC Troubles

Kraken’s generated trading volume for the past 24 hours increased by almost 15%, according to data from CoinMarketCap and CoinGecko, despite a recent investigation by the US Securities and Exchange Commission (SEC). Based on various factors such as average liquidity, volume, and web traffic, Kraken has a score of 7.4 out of 10 from CMC – making it the third most trusted crypto platform after Binance (9.9) and Coinbase (7.8).

SEC Investigation

The SEC recently investigated Kraken over possible violation of rules when offering securities as staking services to US consumers. In response, the company terminated all its staking services and paid $30 million in disgorgement, prejudgment interest, and civil penalties. However, there have been no reports of any wave of withdrawal requests from customers so far – suggesting that users remain undeterred by this dispute with the American regulator.

Binance & Coinbase Compared

Binance is widely considered as one of the most reliable platforms for cryptocurrency investors due to its high scores in liquidity, volume, and website traffic. Meanwhile Coinbase also ranks highly in terms of trustworthiness but falls short compared to Binance with a score of 7.8 out 10 from CMC.

Gary Gensler’s Urging

Gary Gensler – Chairman of the SEC – recently urged all cryptocurrency entities to register with their agency in order to avoid any potential legal issues related to offering specific types of securities or staking services to US customers. Despite this warning however, Kraken’s performance appears unaffected so far judging by its surging trading volumes over the past few days.

Conclusion

To conclude; despite being investigated by the SEC over potential violations when offering specific types of securities or staking services in America – Kraken’s 24-hour trading volumes have increased significantly over this period indicating that its performance remains unaffected so far at least judging by customer sentiment towards it remaining unchanged thus far