3 ms·

I think kraken (https://www.kraken.com/ https://www.kraken.com/) is based in the US as well.

by EricDeb 13y ago

fastest963 13y ago
I signed up and they won't let me exchange USD<->BTC because they're not registered yet. Is anyone else able actually use them?
- contingencies 13y ago
  We are in the death throws of partnering with a much larger bank to facilitate USD settlement connectivity at the quality our users deserve. We completed our relationship with our last parter about a week ago. It sounds like you just joined during the short intermission... hang in there.
  - ScottBurson 13y ago
    Let's hope the throes aren't really that deathly :-)
  - saxaholic 13y ago
    I joined six weeks ago and am still only pre-verified for tiers 2 and 3. I doubt that the reason fastest963 can't trade USD is because of the reason you just gave. Kraken needs to be more forthcoming with which states it's properly registered in to deal with USD, because I know it's not registered in California or Kansas.
    - contingencies 13y ago
      I will emphasize that this is not my area and I am not commenting in an official capacity but IIRC it's less about 'registered in', and more about 'has state-specific financial licenses for' versus 'has a business presence in' versus individual state law. Somewhat like the mess that is US the domestic tax nexus. Anyway, I believe there are legal reasons why, owing to the above, we are not allowed to divulge state-on-state policy. We have a really good legal team. Yes, this sounds nuts and is entirely counterintuitive, but that's the US legal system for you.
ck2 13y ago
kraken is owned by payward which is a UK business https://www.companiesintheuk.co.uk/ltd/payward https://www.companiesintheuk.co.uk/ltd/payward Their bank is German. I don't think it is a US business. Oh wait, maybe yes: http://www.reddit.com/r/Bitcoin/comments/1rztum/release_the_kraken_part_2/cdsjrcu http://www.reddit.com/r/Bitcoin/comments/1rztum/release_the_... CEO is Jesse Powell. Company address is in San Francisco
- EricDeb 13y ago
  Ah well their site contact office is US so I just assumed. Good correction - parent companies are important in the world of bitcoin.
- contingencies 13y ago
  This is incorrect - I suppose we should make this clearer on our site. For the record: Kraken is owned and operated by Payward. Payward's parent company is a US company. The Payward entity in the UK is one of many overseas entities that we have across half a dozen jurisdictions already, and that number is growing... particularly here in Asia.
  - waterlesscloud 13y ago
    Among the coin traders I know, no one is at all clear on where you're based. You definitely need to be a lot more obvious about it. :-)
    - presty 13y ago
      The coin traders you know need to get better info. They are based in SF and Jesse can be usually found at the SF Bitcoin Meetup.

I think kraken (https://www.kraken.com/ https://www.kraken.com/) is based in the US as well.

by EricDeb 13y ago

I think kraken (https://www.kraken.com/ https://www.kraken.com/) is based in the US as well.

I signed up and they won't let me exchange USD<->BTC because they're not registered yet. Is anyone else able actually use them?

contingencies 13y ago
We are in the death throws of partnering with a much larger bank to facilitate USD settlement connectivity at the quality our users deserve. We completed our relationship with our last parter about a week ago. It sounds like you just joined during the short intermission... hang in there.
- ScottBurson 13y ago
  Let's hope the throes aren't really that deathly :-)
- saxaholic 13y ago
  I joined six weeks ago and am still only pre-verified for tiers 2 and 3. I doubt that the reason fastest963 can't trade USD is because of the reason you just gave. Kraken needs to be more forthcoming with which states it's properly registered in to deal with USD, because I know it's not registered in California or Kansas.
  - contingencies 13y ago
    I will emphasize that this is not my area and I am not commenting in an official capacity but IIRC it's less about 'registered in', and more about 'has state-specific financial licenses for' versus 'has a business presence in' versus individual state law. Somewhat like the mess that is US the domestic tax nexus. Anyway, I believe there are legal reasons why, owing to the above, we are not allowed to divulge state-on-state policy. We have a really good legal team. Yes, this sounds nuts and is entirely counterintuitive, but that's the US legal system for you.

ck2 13y ago

kraken is owned by payward which is a UK business https://www.companiesintheuk.co.uk/ltd/payward https://www.companiesintheuk.co.uk/ltd/payward Their bank is German. I don't think it is a US business. Oh wait, maybe yes: http://www.reddit.com/r/Bitcoin/comments/1rztum/release_the_kraken_part_2/cdsjrcu http://www.reddit.com/r/Bitcoin/comments/1rztum/release_the_... CEO is Jesse Powell. Company address is in San Francisco

EricDeb 13y ago
Ah well their site contact office is US so I just assumed. Good correction - parent companies are important in the world of bitcoin.
contingencies 13y ago
This is incorrect - I suppose we should make this clearer on our site. For the record: Kraken is owned and operated by Payward. Payward's parent company is a US company. The Payward entity in the UK is one of many overseas entities that we have across half a dozen jurisdictions already, and that number is growing... particularly here in Asia.
- waterlesscloud 13y ago
  Among the coin traders I know, no one is at all clear on where you're based. You definitely need to be a lot more obvious about it. :-)
  - presty 13y ago
    The coin traders you know need to get better info. They are based in SF and Jesse can be usually found at the SF Bitcoin Meetup.