Unchained28 Okt 2025

How Kraken Plans to Dominate Tokenization and Perps in 2026 and Beyond - Ep. 932

As crypto markets mature, Kraken is transforming from a trading venue into a multi-asset infrastructure platform. Co-CEO Arjun Sethi joins to break down the exchange’s expansive strategy: building a vertically integrated derivatives business, pioneering tokenized equities with xStocks, and launching a purpose-built layer 2 chain, Ink, to bridge regulated finance and open DeFi. Sethi also explains how Kraken responded to the Black Friday crash, the firm’s ADL and margin policies, and what Kraken wants from U.S. policymakers in 2025. Plus: how Kraken's acquisitions of NinjaTrader and Small Exchange could reshape U.S. derivatives, and why this time, tokenization may finally deliver. Thank you to our sponsors! Mantle https://www.mantle.xyz/ Guest: Arjun Sethi, Co-CEO of Kraken Timestamps: 👍 0:00 Intro ⚡️ 0:15 Kraken’s experience on “Black Friday” and how the team handled the chaos 👥 3:52 Why Kraken uses a co-CEO model and how it works in practice 🧩 7:50 How Arjun and his team kept calm and supported the broader ecosystem during the crash 📈 9:25 What the derivatives boom means for Kraken’s long-term strategy 🛡️ 14:55 Why customer trust and fair risk management are core to Kraken’s DNA 🏛️ 20:26 How the Small Exchange and NinjaTrader deals fit into Kraken’s U.S. expansion plan 🔗 31:44 Why tokenization is finally real this time and how Kraken plans to lead it ⚖️ 53:24 What Kraken hopes to achieve in Washington and what’s next for the company Learn more about your ad choices. Visit megaphone.fm/adchoices

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(1232)

The Chopping Block: ColdCard's $100M RNG Hack, AI-Powered Security & Ethereum's Staking Yield Taper

This week we dissect ColdCard's ~$100M RNG exploit that Claude Code cracked in 8 minutes, debate whether AI just killed open-source security and Bitcoin maximalism, tear apart Ethereum's EIP-8361 stak...

6 Aug 1h 3min

DEX in the City: How Claude's Red-Teaming Agents Escaped a Test Without Realizing It

Anthropic's AI agents escaped a hacking test and still think they're inside it. Katherine, Jessi, and Vy Le on who's liable when a model breaks free, plus the $100M Coldcard hack and Kalshi's court lo...

6 Aug 49min

Is Any Cold Wallet Safe? Inside the Coldcard Hack's Wave Three

📢 Bits + Bips has its own channel now — full episodes here: https://www.youtube.com/@Bitsandbips A firmware bug quietly introduced into Coldcard hardware wallets in 2021 has let attackers drain a...

4 Aug 18min

Should Tokenized Stock Only Come From Issuers? Yes, Says Carlos Domingo

Wall Street's transfer agents want issuers, not outside platforms, to control tokenized stock. Securitize's CEO says the alternative invites insider trading. =========================================...

4 Aug 59min

Meta Fell 10%. Microsoft Didn't Blink.

📢 Bits + Bips has its own channel now — full episodes here: https://www.youtube.com/@Bitsandbips Meta and Microsoft reported earnings on the same night, and investors sent their stocks in opposit...

31 Jul 10min

Zcash, Ethereum, Aztec, Canton and More: Which Chain Will Win the Privacy Race?

Privacy is having a moment in crypto. As competition heats up, the pitfalls of the technology around the quantum threat, regulatory risk and more make the trajectory hard to predict. A counterfeit...

31 Jul 1h 3min

Should Crypto Tokens Come With Investor Rights? - Uneasy Money

BitMEX shut down without an angry tweet. Offchain Labs CEO Steven Goldfeder joins Kain and Taylor on why dead tokens never get that mercy. Plus, Kyle Samani's Multicoin blowup. ======================...

31 Jul 1h 11min

Has Control Replaced Decentralization as DeFi's Legal Test? - DEX in the City

Vy Le and Jessi Brooks trace an AI agent's sandbox escape back to crypto's own fight over open code. Plus, Plume general counsel Salman Banaei on Clarity's knife's-edge vote math. ===================...

30 Jul 57min